Regulatory Alerts2010-01-12
The Anti-Terrorism (Financial and Other Measures) (Overseas Territories) Order 2002
The United Kingdom government issued this Order to extend anti-terrorism financial measures to specified Overseas Territories including Anguilla, Montserrat, and the Falkland Islands. It establishes criminal offences for fundraising, possession, and funding arrangements involving terrorist property, while mandating disclosure duties for individuals in the regulated and public sectors who suspect such activities. The legislation further provides for account monitoring orders, extraterritorial jurisdiction for terrorist finance offences, and civil forfeiture powers for terrorist cash.
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