FIN.

TAFA report shows little movement

Treasury has published its quarterly report on the functioning of TAFA, covering April to June 2020.  The report shows that:

  • total funds of £9,000 were frozen with 6 accounts or payments being frozen, but no new designations made;
  • £24,000 was frozen under the EU Regulation on terrorist funding, with 3 accounts and payments frozen and no new designations;
  • £75,000 was frozen under the EU Regulation on Al-Qaida etc, with 38 accounts and payments being frozen, with one new designation and 5 delistings; and
  • there was no action under the 2016 EU Regulation imposing additional restrictive measures.

4 general licences remained current and 2 licences were issued under the ISIL-AQ regime.

Emma Radmore