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Operation of the UK’s Counter-Terrorist Asset Freezing Regime: 1 January 2020 to 31 March 2020

24 September 2020

Proposing MP
John Glen Con
Salisbury
Type
Written Ministerial Statement
Department
Treasury
View on Parliament.uk -->

At a Glance

Issue Summary

This statement is a quarterly report on the operation of the UK’s Counter-Terrorist Asset Freezing Regime under the Terrorist Asset-Freezing etc. Act 2010 for the period from January to March 2020.

Action Requested

The report provides details on asset freezing activity during this quarter, including responsibilities and designations under both UN and EU regulations.

Key Facts

  • The Treasury is required to prepare a quarterly report under the Terrorist Asset-Freezing etc. Act 2010.
  • The report covers the period from January 1, 2020, to March 31, 2020.
  • Under the ISIL (Da’esh) and Al-Qaida asset freezing regime, UN has responsibility for designations and OFSI handles licensing and compliance in the UK.
  • EU Regulation (EC) 2580/2001 concerns external terrorist threats to the EU.
  • EU Regulation (2016/1686) allows autonomous Al-Qaida and ISIL listings.
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