Regulatory Alerts2017-02-16
The Terrorist Asset-Freezing etc. Act 2010 (Overseas Territories) (Amendment) Order 2017
Her Majesty in Council issued this Order to amend the Terrorist Asset-Freezing etc. Act 2010 (Overseas Territories) Order 2011 by expanding the definition of designated persons to include those designated by the UK Treasury or the European Council. The Order mandates that Governors of specified Overseas Territories must consult the Secretary of State before making, renewing, or revoking designations, and consult the Treasury for certain licence decisions. It also introduces provisions for licences granted outside the Territory, updates penalty amounts, and adjusts jurisdictional rules for criminal proceedings.
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