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Terrorism: Finance

Volume 463: debated on Tuesday 24 July 2007

To ask the Chancellor of the Exchequer how many organisations found to have terrorist links have had their assets frozen; how much funding was frozen in total; how much such funding was returned to legitimate authorities in each of the last 10 years for which information is available; and if he will make a statement. (150519)

Since 2001, a total of approximately £570,000 of suspected terrorist funds have been frozen in the UK including funds belonging to six designated organisations. All assets frozen remain the property of the designated individuals or organisations and are not disposed of by the Treasury. The Treasury reports to Parliament quarterly on the operation of its asset-freezing regime, including detail on the total amount of funds frozen. The latest such report was laid before Parliament on 12 July 2007.