Report on the operation of the Terrorist Asset-Freezing etc. Act 2010 in 2011/12

This report is the second on the 2010 act. The act gives HM Treasury powers to freeze the assets of individuals or groups thought to be involved in terrorism, whether in the UK or abroad, and to deprive them of access to financial resources.

Intended as a supplement to the first report on the act, this report updates on developments since the last review and makes 1 recommendation.

The report recommends that:

• the Treasury should routinely provide any formerly designated individual or group who requests one with a written statement explaining why designation has been revoked or allowed to lapse.

The Government accepted this recommendation in its response of February 2013.

Published: December 2012