Terrorism: Finance

(asked on 20th February 2019) - View Source

Question to the Home Office:

To ask the Secretary of State for the Home Department, what steps his Department is taking to ensure that private donations from the UK are not used to support and fund terrorism.


Answered by
Ben Wallace Portrait
Ben Wallace
This question was answered on 25th February 2019

The UK has a strong reputation for tackling terrorist financing as demonstrat-ed in the UK’s Financial Action Task Force (FATF) Mutual Evaluation Report published in December 2018 which gave the UK the highest possible rating on how it tackles terrorist financing.


Our approach to countering terrorist finance is multifaceted and we have a range of disruptive tools and capabilities at our disposal to prevent the movement of terrorist finance into and out of the UK.


We have strengthened our legislative framework under the Criminal Finances Act 2017, this includes the ability to seize funds held in bank accounts to pre-vent terrorist funding. We also work very closely with the financial sector who, along with other reporting sectors, are required to disclose any suspicions they have concerning terrorist financing to the UK Financial Investigation Unit via Suspicious Activity Reports (SARs). The Joint Money Laundering Intelli-gence Task Force (JMLIT) also brings together Government, financial institu-tions and law enforcement to exchange and analyse information to better de-tect and prevent the movement of terrorist funds.

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