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Terrorism: Finance

Volume 486: debated on Thursday 22 January 2009

To ask the Chancellor of the Exchequer how much funding has been frozen in the UK in each of the last five years due to suspected or proven links to terrorist organisations. (248993)

The Treasury reports quarterly to Parliament on the exercise of its powers under these orders. This report includes the total amount and number of funds frozen as at the end of each period. As of 30 September 2008, a total of 252 separate accounts containing approximately £670,000 of suspected terrorist funds were frozen in the UK. The next report, covering the period October 2008 to December 2008, will be laid shortly.

The figure is based on balances reported at the time of freezing and represents funds frozen under the Terrorism (United Nations Measures) Orders 2001 and 2006 and the Al-Qaeda and Taliban (United Nations Measures) Orders 2001 and 2006. Money may be frozen under these orders on a number of different grounds, not all of which require a suspected or proven link to a terrorist organisation.

The figure does not include action taken under other counter-terrorist legislation which are not within the remit of HM Treasury.

The Treasury does not publish a historic breakdown of frozen or unfrozen funds for each year, due to the need to avoid the identification, directly or indirectly, of personal or operationally sensitive information.