Regulatory Alerts2012-05-01
The Terrorism (United Nations Measures) (Overseas Territories) Order 2001
Her Majesty in Council issued this Order to implement United Nations Security Council resolutions combating terrorism within specified British Overseas Territories. It criminalizes the collection, provision, and making available of funds for terrorist purposes and empowers Governors to freeze assets of suspected individuals or entities. The legislation establishes reporting obligations for financial institutions, grants authorities powers to compel information disclosure, and defines penalties including imprisonment and fines for non-compliance.
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