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Volume 451: debated on Wednesday 8 November 2006

To ask the Chancellor of the Exchequer how many organisations found to have links with al-Qaeda have had their assets frozen; how much has been frozen in total; how much of this has been returned to legitimate authorities; and if he will make a statement. (99661)

A total of 359 individuals and 124 organisations suspected of having links with al-Qaeda and the Taliban have been designated by the UN Sanctions Committee, the EU and the UK Government.

Financial assets frozen in the UK under the al-Qaeda and Taliban (United Nations Measures) Order 2002 total approximately £560,866, of which £85,337 belongs to organisations.

The fight against terrorist financing is an international issue that has been successful in freezing $94 million across 34 countries.

The asset freezing regime is designed to prevent funds, economic resources and financial services from being made available to anyone who is designated under the order on suspicion of involvement with terrorism, and does not include a power to seize assets.