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Operation of the UK’s Counter-Terrorist Asset Freezing Regime: 1 April 2020 to 30 June 2020

14 December 2020

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

At a Glance

Issue Summary

This statement addresses the quarterly report on the operation of the UK’s Counter-Terrorist Asset-Freezing Regime for the period from April to June 2020.

Action Requested

The Treasury is fulfilling its legal obligation by presenting a report detailing the implementation and enforcement activities under TAFA 2010, including the UN's ISIL-AQ asset freezing regime and the EU’s CP 931 regime in the UK during Q2 2020.

Key Facts

  • The Terrorist Asset-Freezing etc. Act 2010 (TAFA 2010) mandates quarterly reports.
  • The report covers the period from 1 April to 30 June 2020.
  • The UN has responsibility for designations under the ISIL-AQ asset freezing regime, while OFSI handles licensing and compliance in the UK.
  • The EU is responsible for designations under Regulation (EC) 2580/2001, with OFSI managing licensing and compliance in the UK.
  • EU Regulation (2016/1686) allows for autonomous Al-Qaida and ISIL listings.
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