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U.K.

Terrorist Asset-Freezing etc. Act 2010

2010 CHAPTER 38

An Act to make provision for imposing financial restrictions on, and in relation to, certain persons believed or suspected to be, or to have been, involved in terrorist activities; to amend Schedule 7 to the Counter-Terrorism Act 2008; and for connected purposes.

[16th December 2010]

Be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

F2Part 1U.K.Terrorist Asset-Freezing

Textual Amendments

F2Pt. 1 repealed (except s. 45(1) for specified purposes and Sch. 1 paras. 1-5) (31.12.2020) by Sanctions and Anti-Money Laundering Act 2018 (c. 13), ss. 59(1), 64(2) (with ss. 52(3), 53, 58, 59(2)(3)); S.I. 2020/1535, reg. 3(b)

Modifications etc. (not altering text)

C1Pt. 1 extended (Isle of Man) (with modifications) (17.3.2011) by The Terrorist Asset-Freezing etc. Act 2010 (Isle of Man) Order 2011 (S.I. 2011/749), arts. 1, 2, Schs.

C3Pt. 1 extended (Guernsey) (with modifications) (8.4.2011, with effect in accordance with art. 4 of the commencing S.I.) by The Terrorist Asset-Freezing etc. Act 2010 (Guernsey) Order 2011 (S.I. 2011/1082), arts. 1(2), 3, 4, Schs.

F1

CHAPTER 1U.K.Designated persons

IntroductoryU.K.

F21Meaning of “designated person”U.K.

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Final designationsU.K.

F22Treasury's power to make final designationU.K.

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F23Notification of final designationU.K.

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F24Duration of final designationU.K.

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F25Variation or revocation of final designationU.K.

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Interim designationsU.K.

F26Treasury's power to make interim designationU.K.

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F27Notification of interim designationU.K.

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F28Duration of interim designationU.K.

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F29Variation or revocation of interim designationU.K.

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Confidential informationU.K.

F210Confidential informationU.K.

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CHAPTER 2U.K.Prohibitions in relation to designated persons

ProhibitionsU.K.

F211Freezing of funds and economic resourcesU.K.

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F212Making funds or financial services available to designated personU.K.

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F213Making funds or financial services available for benefit of designated personU.K.

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F214Making economic resources available to designated personU.K.

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F215Making economic resources available for benefit of designated personU.K.

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Exceptions and licencesU.K.

F216ExceptionsU.K.

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F217LicencesU.K.

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Circumventing prohibitions etc.U.K.

F218Circumventing prohibitions etc.U.K.

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CHAPTER 3U.K.Information

Information for TreasuryU.K.

F219Reporting obligations of relevant institutionsU.K.

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F220Powers to request informationU.K.

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F221Production of documentsU.K.

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F222Failure to comply with request for informationU.K.

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Disclosure of information by TreasuryU.K.

F223General power to disclose informationU.K.

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OtherU.K.

F224Co-operation with UK or international investigationsU.K.

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F225Application of provisionsU.K.

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CHAPTER 4U.K.Supplementary provisions

Supervision of exercise of powersU.K.

F226Appeal to the court in relation to designationsU.K.

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F227Review of other decisions by the courtU.K.

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F228Appeals and reviews: supplementaryU.K.

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F229Initial exercise of powers to make rules of courtU.K.

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F230Treasury report on operation of Part 1U.K.

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F231Independent review of operation of Part 1U.K.

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OffencesU.K.

F232PenaltiesU.K.

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F233Extra-territorial application of offencesU.K.

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F234Liability of officers of body corporate etc.U.K.

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F235Jurisdiction to try offencesU.K.

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F236Time limit for proceedings for summary offencesU.K.

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F237Consent to prosecutionU.K.

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F238Procedure for offences by unincorporated bodiesU.K.

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InterpretationU.K.

F239Meaning of “funds” and “economic resources”U.K.

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F240Meaning of “financial services”U.K.

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F241Meaning of “relevant institution”U.K.

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F242Interpretation: generalU.K.

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MiscellaneousU.K.

F243Service of noticesU.K.

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F244Crown applicationU.K.

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45Consequential amendments, repeals and revocationsU.K.

[F2(1)Part 1 of Schedule 1 (which contains amendments consequential on this Part) has effect.]

F2(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F246Transitional provisions and savingsU.K.

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F247Power to repeal PartU.K.

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Part 2 U.K.Terrorist financing, money laundering etc.

Directions in particular casesU.K.

48Directions to branches of credit institutions and financial institutionsU.K.

(1)In paragraph 5 of Schedule 7 to the Counter-Terrorism Act 2008 (directions in relation to terrorist financing and money laundering etc: meaning of “credit institution” and “financial institution”)—

(a)for sub-paragraph (1) substitute—

(1)Credit institution” means a credit institution, as defined in Article 4(1)(a) of the banking consolidation directive, when it accepts deposits or other repayable funds from the public or grants credits for its own account (within the meaning of that directive).,

(b)after sub-paragraph (2)(b) insert—

(ba)a person equivalent to an insurance company within paragraph (b) whose head office is located in a non-EEA state, when carrying out activities of the kind mentioned in paragraph (b);,

(c)omit sub-paragraph (2)(f), and

(d)after sub-paragraph (2) insert—

(3)The fact that an institution's head office is located in a non-EEA state does not prevent it from being a credit institution or a financial institution for the purposes of this Schedule.

(2)In paragraph 9 of that Schedule (requirements that may be imposed by a direction), after sub-paragraph (5) insert—

(5A)Descriptions of transactions or business relationships for the purposes of sub-paragraph (5)(b) may, in particular, include transactions or business relationships of a particular branch (or description of branch) of a relevant person.

49Directions in relation to subsidiariesU.K.

(1)Paragraph 9 of Schedule 7 to the Counter-Terrorism Act 2008 (requirements that may be imposed by a direction) is amended as follows.

(2)In sub-paragraph (1), after paragraph (c), insert—

(d)a company that is a subsidiary of a company within paragraph (a) or (c).

(3)After sub-paragraph (6) insert—

(7)In this paragraph “subsidiary” has the meaning given by section 1159 of the Companies Act 2006 (and “company” has the same meaning as in that section).

General directions and other requirementsU.K.

50Circumventing requirements of Schedule 7 directionsU.K.

(1)Schedule 7 to the Counter-Terrorism Act 2008 is amended as follows.

(2)After paragraph 25 (civil penalties for failure to comply with requirements) insert—

25A(1)An enforcement authority may impose a penalty of such amount as it considers appropriate on a relevant person who has intentionally participated in activities knowing that the object or effect of them was (whether directly or indirectly) to circumvent a requirement imposed by a direction under this Schedule.

(2)In sub-paragraph (1) “appropriate” means effective, proportionate and dissuasive.

(3)A person on whom a penalty is imposed under this paragraph is not liable to be proceeded against for an offence under paragraph 30A in respect of participation in the same activities.

(3)After paragraph 30 (offence of failing to comply with requirements) insert—

30AOffences: relevant person circumventing requirements

(1)A relevant person who intentionally participates in activities knowing that the object or effect of them is (whether directly or indirectly) to circumvent a requirement imposed by a direction under this Schedule commits an offence.

(2)A person guilty of an offence under this paragraph is liable—

(a)on summary conviction, to a fine not exceeding the statutory maximum;

(b)on conviction on indictment, to imprisonment for a term not exceeding two years or a fine or both.

(3)A person who is convicted of an offence under this paragraph is not liable to a penalty under paragraph 25A in respect of participation in the same activities.

Minor amendments and repealsU.K.

51Northern Ireland credit unionsU.K.

(1)In paragraph 18(1) of Schedule 7 to the Counter-Terrorism Act 2008 (Department of Enterprise, Trade and Investment in Northern Ireland to be the enforcement authority for credit unions in Northern Ireland)—

(a)at the end of paragraph (b) insert “ or ”, and

(b)omit paragraph (d) and the word “or” before it.

(2)In paragraph 39(2) of that Schedule (Department of Enterprise, Trade and Investment in Northern Ireland to be the supervisory authority for credit unions in Northern Ireland), omit paragraph (d).

Commencement Information

I1S. 51 in force at 31.3.2012 by S.I. 2011/2835, art. 2(a)

52Consequential amendments and repealsU.K.

(1)Part 2 of Schedule 1 (which contains amendments consequential on this Part) has effect.

(2)Part 2 of Schedule 2 (which contains repeals consequential on this Part) has effect.

Commencement Information

I2S. 52 in force at 31.3.2012 in so far as not already in force by S.I. 2011/2835, art. 2(b)

Part 3 U.K.Final provisions

Extent etc.U.K.

53ExtentU.K.

(1)Subject as follows, this Act extends to England and Wales, Scotland and Northern Ireland.

(2)Sections 54 and 56 (and this section and section 55 so far as relating to sections 54 and 56) also extend to the Channel Islands, the Isle of Man and the British overseas territories.

(3)The amendments made by section 28(1) (amendment of Senior Courts Act 1981) and paragraph 5 of Schedule 1 (amendment of civil procedure rules: England and Wales) extend to England and Wales only.

(4)The amendments made by paragraphs 1 to 4 of Schedule 1 (amendments of rules of the Court of Judicature (Northern Ireland)) extend to Northern Ireland only.

54Channel Islands, Isle of Man and British overseas territoriesU.K.

(1)Her Majesty may by Order in Council provide for any of the provisions of Part 1 (including Part 1 of Schedules 1 and 2) to extend, with or without modifications, to any of the Channel Islands, the Isle of Man or any British overseas territory.

(2)Sections 1 and 3 of the Terrorist Asset-Freezing (Temporary Provisions) Act 2010, so far as they have effect as part of the law of Guernsey, Jersey, the Isle of Man and the territories listed in Schedule 1 to the Terrorism (United Nations Measures) (Overseas Territories) Order 2001 (S.I. 2001/3366), have effect as if the reference in section 1(1) of that Act to 31 December 2010 were a reference to 31 March 2011.

Commencement and short titleU.K.

55CommencementU.K.

(1)Subject to subsection (2), Parts 1 and 2 (including Schedules 1 and 2) come into force on the day following that on which this Act is passed.

(2)Section 51 (and section 52, and Part 2 of Schedules 1 and 2, so far as relating to section 51) come into force on such day as the Treasury may by order made by statutory instrument appoint.

(3)An order under subsection (2) may include such transitional, transitory or saving provision as the Treasury consider appropriate.

(4)This Part comes into force on the day on which this Act is passed.

56Short titleU.K.

This Act may be cited as the Terrorist Asset-Freezing etc. Act 2010.

SCHEDULES

Sections 45(1) and 52(1)

SCHEDULE 1U.K.Consequential amendments

Part 1U.K.Terrorist asset-freezing

Rules of the Court of Judicature (Northern Ireland) 1980 (S.R. 1980 No.346)U.K.

1U.K.The Rules of the Court of Judicature (Northern Ireland) 1980 are amended as follows.

2U.K.In the Arrangement of Orders, in the entry relating to Order 116B, after “2008” insert “ and Part 1 of the Terrorist Asset-Freezing etc. Act 2010 ”.

3U.K.In Order 1, after rule 11(l) insert—

(la)proceedings on an application under section 27 of the Terrorist Asset-Freezing etc. Act 2010, or on a claim arising from any matter to which such an application relates;”.

4U.K.In Order 116B—

(a)in the title of the Order, at the end insert “ and Part 1 of the Terrorist Asset-Freezing etc. Act 2010 ”,

(b)in rule 1(2)(a), after “the”, in the first place in which it appears, insert “ 2008 ”,

(c)after rule 1(2)(a) insert—

(aa)the 2010 Act” means the Terrorist Asset-Freezing etc. Act 2010;,

(d)in rule 1(2)(b), after “the” insert “ 2008 Act or section 27 of the 2010 ”,

(e)in rule 1(2)(c) for “has the same meaning as in section 65 of the Act” substitute

means—

(i)financial restrictions proceedings within the meaning of section 65 of the 2008 Act; and

(ii)proceedings in the High Court on an application under section 27 of the 2010 Act, or on a claim arising from any matter to which such an application relates,

(f)in rule 1(2)(h), for “Act” substitute “ 2008 Act (including that section as applied by section 28(4) of the 2010 Act) ”,

(g)in rule 4(3)(a)(ii), after “the”, in the first place in which it appears, insert “ 2008 ”,

(h)in rule 5(1) after “2008”, insert “ , or section 27 of the Terrorist Asset-Freezing etc. Act 2010, as the case may be, ”,

(i)in rule 36(1), after “the” insert “ 2008 ”, and

(j)in rule 36(2), after “the” in the second place in which it appears, insert “ 2008 ”.

Civil Procedure Rules 1998 (S.I. 1998/3132)U.K.

5U.K.In Part 79 of the Civil Procedure Rules 1998 (proceedings under the Counter-Terrorism Act 2008)—

(a)in the title of Part 79, at the end insert “ and Part 1 of the Terrorist Asset-Freezing etc. Act 2010 ”,

(b)in rule 79.1(2)(a), after “the”, in the first place in which it appears, insert “ 2008 ”,

(c)after rule 79.1(2)(a) insert—

(aa)the 2010 Act” means the Terrorist Asset-Freezing etc. Act 2010;,

(d)in rule 79.1(2)(b), after “the” insert “ 2008 Act or section 27 of the 2010 ”,

(e)in rule 79.1(2)(c) for “has the same meaning as in section 65 of the Act” substitute means—

(i)financial restrictions proceedings within the meaning of section 65 of the 2008 Act; and

(ii)proceedings in the High Court on an application under section 27 of the 2010 Act, or on a claim arising from any matter to which such an application relates,

(f)in rule 79.1(2)(h), for “Act” substitute “ 2008 Act (including that section as applied by section 28(4) of the 2010 Act) ”,

(g)in rule 79.6(3)(a)(ii), after “the”, in the first place in which it appears, insert “ 2008 ”,

(h)in rule 79.31(1), after “the” insert “ 2008 ”, and

(i)in rule 79.31(2), after “the” in the second place in which it appears, insert “ 2008 ”.

Money Laundering Regulations 2007 (S.I. 2007/2157)U.K.

F36U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transfer of Funds (Information on the Payer) Regulations 2007 (S.I. 2007/3298)U.K.

F37U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Payment Services Regulations 2009 (S.I. 2009/209)U.K.

F38U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part 2 U.K.Terrorist financing, money laundering etc.

Amendment relating to section 48: branchesU.K.

9U.K.In paragraph 46 of Schedule 7 to the Counter-Terrorism Act 2008 (terrorist financing and money laundering etc: index of defined expressions), in the table—

(a)in the entry for “credit institution”, after “5(1)” insert “ and (3) ”, and

(b)in the entry for “financial institution”, after “5(2)” insert “ and (3) ”.

Amendments relating to section 50: circumventionU.K.

10(1)In paragraph 26(1) of Schedule 7 to the Counter-Terrorism Act 2008 (imposition of penalty by HMRC) after “25” insert “ or 25A ”.U.K.

(2)In paragraph 27 of that Schedule (imposition of penalty by other enforcement authority)—

(a)in sub-paragraph (1) after “25” insert “ or 25A ”, and

(b)in sub-paragraph (3) after “25” insert “ or (as the case may be) 25A ”.

(3)In paragraph 29(1) of that Schedule (payment and recovery of civil penalties) after “25” insert “ or 25A ”.

(4)In paragraph 41(2) of that Schedule (application of civil penalties by Financial Services Authority) after “25” insert “ or 25A ”.

Amendments relating to section 51: Northern Ireland credit unionsU.K.

11(1)In paragraph 18(2) of Schedule 7 to the Counter-Terrorism Act 2008 (definition of “enforcement officer”) omit paragraph (d) (but not the word “or” at the end of the paragraph).U.K.

(2)In paragraph 18(3)(b) of that Schedule (definition of “local enforcement officer” in Northern Ireland) for “DETINI” substitute “ the Department of Enterprise, Trade and Investment in Northern Ireland (“DETINI”) ”.

(3)In paragraph 27(1) of that Schedule (imposition of penalty by enforcement authority) for “, the OFT or DETINI” substitute “ or the OFT ”.

(4)In paragraph 28 of that Schedule (appeal against imposition of certain civil penalties)—

(a)omit sub-paragraph (2), and

(b)in sub-paragraph (3) omit “or court”.

(5)In paragraph 46 of that Schedule (index of defined expressions), in the entry for DETINI, for “paragraph 18(1)(d)” substitute “ paragraph 18(3)(b) ”.

Commencement Information

I3Sch. 1 para. 11 in force at 31.3.2012 by S.I. 2011/2835, art. 2(c)

Sections 45(2) and 52(2)

SCHEDULE 2U.K.Repeals and revocations

Part 1U.K.Terrorist asset-freezing

F4. . .F4. . .

Textual Amendments

Part 2 U.K.Terrorist financing, money laundering etc.

Commencement Information

I4Sch. 2 Pt. 2 in force at 31.3.2012 by S.I. 2011/2835, art. 2(d)

I5Sch. 2 Pt. 2 partly in force; Sch. 2 Pt. 2 in force for specified purposes at 17.12.2010, see s. 55(1)(2)

ReferenceExtent of repeal
Counter-Terrorism Act 2008

In Schedule 7—

(a)

paragraph 5(2)(f),

(b)

in paragraph 18(1), paragraph (d) and the word “or” before the paragraph,

(c)

in paragraph 18(2), paragraph (d) (but not the word “or” at the end of the paragraph),

(d)

in paragraph 28, sub-paragraph (2) and, in sub-paragraph (3), the words “or court”, and

(e)

in paragraph 39(2), paragraph (d).

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