Since 2001, a total of 85 individuals and 58 entities have had their assets frozen under the UK’s Terrorism (United Nations Measures) Order 2001. Of the 85 individuals, 68 were designated domestically by the Treasury and 17 by the EU. Of the 58 entities, 51 were designated domestically by the Treasury and seven by the EU. In cases where individuals or entities have been designated both by the UK and by the EU, the figures above refer to where the decision was first taken. In addition, 359 individuals and 124 entities have been designated under the Al-Qaeda and Taliban (United Nations Measures) Order 2002 on suspicion of having links with Al-Qaeda or the Taliban. The United Nations Security Council maintains a list of such persons designated at the UN. Details about individual asset freezes applying in the UK, either through international or domestic action, are available on the Bank of England website at http://www.bankof england.co.uk/publications/financialsanctions/
Progress reports on countering money laundering and terrorist finance have been published in October 2002 (“Combating the Financing of Terrorism: A Report on UK Action”); October 2004 (“Anti-Money Laundering Strategy”); at the 2005 Pre-Budget Report (“Statement on Terrorist Finance”) and provided in a written statement to the House on 10 October.
The Treasury has also launched public consultations this year on the implementation of the Third EU Money Laundering Directive and on the regulation of Money Service Businesses.
In my statement to the House on 10 October 2006, Official Report, columns 11-13WS, I said that the Treasury plans to produce a detailed strategy document setting out the Government’s programme to deter, detect and disrupt the financing of terrorism around the end of the year.