The Terrorist Asset-Freezing etc. Act 2010 makes provision for imposing financial restrictions on, and in relation to, certain persons believed or suspected to be, or to have been, involved in terrorist activities. The Act also amends Schedule 7 of the Counter-Terrorism Act 2008 for connection purposes.Therefore, the government is required by the United Nation (UN) to freeze the assets of persons who commit terrorist acts. The Terrorist Asset-Freezing etc. Act 2010 gives power to the Treasury to freeze the assets of those suspected of involvement in terrorism.
