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Article: HM Treasury welcomes tough new measures to tackle terrorist financing.
- Article from:
- M2 Presswire
- Article date:
- November 1, 2001
CopyrightCOPYRIGHT 2001 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-1 November 2001-UK Government: HM Treasury welcomes tough new measures to tackle terrorist financing (C)1994-2001 M2 COMMUNICATIONS LTD
RDATE:31102001
The Financial Action Task Force (FATF) today agreed tough new Special Recommendations to combat the financing of terrorism. The recommendations - which include criminalizing the financing of terrorism, powers to freeze and confiscate terrorist assets, obligatory reporting requirements on financial institutions, and reports on implementation of promised action - should ensure that all member countries introduce regulation as comprehensive as that in place in the UK.
The Chancellor ...