To ask the Chancellor of the Exchequer what assets have been frozen in relation to those suspected or convicted of terrorist activity in each year since 1997. (103180)

Nearly 200 accounts and around £500,000 of suspected terrorist funds have been frozen in the UK since 2001 when the UN’s terrorist asset freezing regime was established. The Treasury does not publish a breakdown of frozen funds for each year, as that could potentially reveal information about individuals’ assets. Freezing action also prevents the flow of funds to listed individuals and entities. Asset freezing is part of the Government’s overall strategy to create a hostile environment for terrorism and safeguard financial systems. A value cannot easily be put on those wider effects.