UKPGA-2010-38 — Terrorist Asset-Freezing etc. Act 2010

preamble

Be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

Part 1

Terrorist Asset-Freezing

Introductory

s. 1 — Meaning of “designated person”

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Final designations

s. 2 — Treasury's power to make final designation

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s. 3 — Notification of final designation

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s. 4 — Duration of final designation

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s. 5 — Variation or revocation of final designation

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Interim designations

s. 6 — Treasury's power to make interim designation

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s. 7 — Notification of interim designation

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s. 8 — Duration of interim designation

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s. 9 — Variation or revocation of interim designation

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Confidential information

s. 10 — Confidential information

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Prohibitions

s. 11 — Freezing of funds and economic resources

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s. 12 — Making funds or financial services available to designated person

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s. 13 — Making funds or financial services available for benefit of designated person

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s. 14 — Making economic resources available to designated person

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s. 15 — Making economic resources available for benefit of designated person

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Exceptions and licences

s. 16 — Exceptions

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s. 17 — Licences

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Circumventing prohibitions etc.

s. 18 — Circumventing prohibitions etc.

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Information for Treasury

s. 19 — Reporting obligations of relevant institutions

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s. 20 — Powers to request information

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s. 21 — Production of documents

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s. 22 — Failure to comply with request for information

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Disclosure of information by Treasury

s. 23 — General power to disclose information

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Other

s. 24 — Co-operation with UK or international investigations

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s. 25 — Application of provisions

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Supervision of exercise of powers

s. 26 — Appeal to the court in relation to designations

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s. 27 — Review of other decisions by the court

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s. 28 — Appeals and reviews: supplementary

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s. 29 — Initial exercise of powers to make rules of court

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s. 30 — Treasury report on operation of Part 1

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s. 31 — Independent review of operation of Part 1

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Offences

s. 32 — Penalties

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s. 33 — Extra-territorial application of offences

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s. 34 — Liability of officers of body corporate etc.

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s. 35 — Jurisdiction to try offences

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s. 36 — Time limit for proceedings for summary offences

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s. 37 — Consent to prosecution

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s. 38 — Procedure for offences by unincorporated bodies

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Interpretation

s. 39 — Meaning of “funds” and “economic resources”

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s. 40 — Meaning of “financial services”

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s. 41 — Meaning of “relevant institution”

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s. 42 — Interpretation: general

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Miscellaneous

s. 43 — Service of notices

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s. 44 — Crown application

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s. 45 — Consequential amendments, repeals and revocations

s. 45(1)

Part 1 of Schedule 1 (which contains amendments consequential on this Part) has effect.

s. 45(2)

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s. 46 — Transitional provisions and savings

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s. 47 — Power to repeal Part

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Part 2

Terrorist financing, money laundering etc.

Directions in particular cases

s. 48 — Directions to branches of credit institutions and financial institutions

s. 48(1)

In paragraph 5 of Schedule 7 to the Counter-Terrorism Act 2008 (directions in relation to terrorist financing and money laundering etc: meaning of “credit institution” and “financial institution”)—

s. 48(1)(a)

for sub-paragraph (1) substitute—,

s. 48(1)(b)

after sub-paragraph (2)(b) insert—,

s. 48(1)(c)

omit sub-paragraph (2)(f), and

s. 48(1)(d)

after sub-paragraph (2) insert—

s. 48(2)

In paragraph 9 of that Schedule (requirements that may be imposed by a direction), after sub-paragraph (5) insert—

s. 49 — Directions in relation to subsidiaries

s. 49(1)

Paragraph 9 of Schedule 7 to the Counter-Terrorism Act 2008 (requirements that may be imposed by a direction) is amended as follows.

s. 49(2)

In sub-paragraph (1), after paragraph (c), insert—

s. 49(3)

After sub-paragraph (6) insert—

General directions and other requirements

s. 50 — Circumventing requirements of Schedule 7 directions

s. 50(1)

Schedule 7 to the Counter-Terrorism Act 2008 is amended as follows.

s. 50(2)

After paragraph 25 (civil penalties for failure to comply with requirements) insert—

s. 50(3)

After paragraph 30 (offence of failing to comply with requirements) insert—

Minor amendments and repeals

s. 51 — Northern Ireland credit unions

s. 51(1)

In paragraph 18(1) of Schedule 7 to the Counter-Terrorism Act 2008 (Department of Enterprise, Trade and Investment in Northern Ireland to be the enforcement authority for credit unions in Northern Ireland)—

s. 51(1)(a)

at the end of paragraph (b) insert “ or ”, and

s. 51(1)(b)

omit paragraph (d) and the word “or” before it.

s. 51(2)

In paragraph 39(2) of that Schedule (Department of Enterprise, Trade and Investment in Northern Ireland to be the supervisory authority for credit unions in Northern Ireland), omit paragraph (d).

s. 52 — Consequential amendments and repeals

s. 52(1)

Part 2 of Schedule 1 (which contains amendments consequential on this Part) has effect.

s. 52(2)

Part 2 of Schedule 2 (which contains repeals consequential on this Part) has effect.

Part 3

Final provisions

Extent etc.

s. 53 — Extent

s. 53(1)

Subject as follows, this Act extends to England and Wales, Scotland and Northern Ireland.

s. 53(2)

Sections 54 and 56 (and this section and section 55 so far as relating to sections 54 and 56) also extend to the Channel Islands, the Isle of Man and the British overseas territories.

s. 53(3)

The amendments made by section 28(1) (amendment of Senior Courts Act 1981) and paragraph 5 of Schedule 1 (amendment of civil procedure rules: England and Wales) extend to England and Wales only.

s. 53(4)

The amendments made by paragraphs 1 to 4 of Schedule 1 (amendments of rules of the Court of Judicature (Northern Ireland)) extend to Northern Ireland only.

s. 54 — Channel Islands, Isle of Man and British overseas territories

s. 54(1)

Her Majesty may by Order in Council provide for any of the provisions of Part 1 (including Part 1 of Schedules 1 and 2) to extend, with or without modifications, to any of the Channel Islands, the Isle of Man or any British overseas territory.

s. 54(2)

Sections 1 and 3 of the Terrorist Asset-Freezing (Temporary Provisions) Act 2010, so far as they have effect as part of the law of Guernsey, Jersey, the Isle of Man and the territories listed in Schedule 1 to the Terrorism (United Nations Measures) (Overseas Territories) Order 2001 (S.I. 2001/3366), have effect as if the reference in section 1(1) of that Act to 31 December 2010 were a reference to 31 March 2011.

Commencement and short title

s. 55 — Commencement

s. 55(1)

Subject to subsection (2), Parts 1 and 2 (including Schedules 1 and 2) come into force on the day following that on which this Act is passed.

s. 55(2)

Section 51 (and section 52, and Part 2 of Schedules 1 and 2, so far as relating to section 51) come into force on such day as the Treasury may by order made by statutory instrument appoint.

s. 55(3)

An order under subsection (2) may include such transitional, transitory or saving provision as the Treasury consider appropriate.

s. 55(4)

This Part comes into force on the day on which this Act is passed.

s. 56 — Short title

This Act may be cited as the Terrorist Asset-Freezing etc. Act 2010.

Sch 1

Consequential amendments

Sch 1

Terrorist asset-freezing

Rules of the Court of Judicature (Northern Ireland) 1980 (S.R. 1980 No.346)

Sch 1 para 1

The Rules of the Court of Judicature (Northern Ireland) 1980 are amended as follows.

Sch 1 para 2

In the Arrangement of Orders, in the entry relating to Order 116B, after “2008” insert “ and Part 1 of the Terrorist Asset-Freezing etc. Act 2010 ”.

Sch 1 para 3

In Order 1, after rule 11(l) insert—

Sch 1 para 4

In Order 116B—

Sch 1 para 4(a)

in the title of the Order, at the end insert “ and Part 1 of the Terrorist Asset-Freezing etc. Act 2010 ”,

Sch 1 para 4(b)

in rule 1(2)(a), after “the”, in the first place in which it appears, insert “ 2008 ”,

Sch 1 para 4(c)

after rule 1(2)(a) insert—,

Sch 1 para 4(d)

in rule 1(2)(b), after “the” insert “ 2008 Act or section 27 of the 2010 ”,

Sch 1 para 4(e)

in rule 1(2)(c) for “has the same meaning as in section 65 of the Act” substitute,

Sch 1 para 4(f)

in rule 1(2)(h), for “Act” substitute “ 2008 Act (including that section as applied by section 28(4) of the 2010 Act) ”,

Sch 1 para 4(g)

in rule 4(3)(a)(ii), after “the”, in the first place in which it appears, insert “ 2008 ”,

Sch 1 para 4(h)

in rule 5(1) after “2008”, insert “ , or section 27 of the Terrorist Asset-Freezing etc. Act 2010, as the case may be, ”,

Sch 1 para 4(i)

in rule 36(1), after “the” insert “ 2008 ”, and

Sch 1 para 4(j)

in rule 36(2), after “the” in the second place in which it appears, insert “ 2008 ”.

Civil Procedure Rules 1998 (S.I. 1998/3132)

Sch 1 para 5

In Part 79 of the Civil Procedure Rules 1998 (proceedings under the Counter-Terrorism Act 2008)—

Sch 1 para 5(a)

in the title of Part 79, at the end insert “ and Part 1 of the Terrorist Asset-Freezing etc. Act 2010 ”,

Sch 1 para 5(b)

in rule 79.1(2)(a), after “the”, in the first place in which it appears, insert “ 2008 ”,

Sch 1 para 5(c)

after rule 79.1(2)(a) insert—,

Sch 1 para 5(d)

in rule 79.1(2)(b), after “the” insert “ 2008 Act or section 27 of the 2010 ”,

Sch 1 para 5(e)

in rule 79.1(2)(c) for “has the same meaning as in section 65 of the Act” substitute,

Sch 1 para 5(f)

in rule 79.1(2)(h), for “Act” substitute “ 2008 Act (including that section as applied by section 28(4) of the 2010 Act) ”,

Sch 1 para 5(g)

in rule 79.6(3)(a)(ii), after “the”, in the first place in which it appears, insert “ 2008 ”,

Sch 1 para 5(h)

in rule 79.31(1), after “the” insert “ 2008 ”, and

Sch 1 para 5(i)

in rule 79.31(2), after “the” in the second place in which it appears, insert “ 2008 ”.

Money Laundering Regulations 2007 (S.I. 2007/2157)

Sch 1 para 6

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Transfer of Funds (Information on the Payer) Regulations 2007 (S.I. 2007/3298)

Sch 1 para 7

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Payment Services Regulations 2009 (S.I. 2009/209)

Sch 1 para 8

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Sch 1

Terrorist financing, money laundering etc.

Amendment relating to section 48: branches

Sch 1 para 9

In paragraph 46 of Schedule 7 to the Counter-Terrorism Act 2008 (terrorist financing and money laundering etc: index of defined expressions), in the table—

Sch 1 para 9(a)

in the entry for “credit institution”, after “5(1)” insert “ and (3) ”, and

Sch 1 para 9(b)

in the entry for “financial institution”, after “5(2)” insert “ and (3) ”.

Amendments relating to section 50: circumvention

Sch 1 para 10

Sch 1 para 10(1)

In paragraph 26(1) of Schedule 7 to the Counter-Terrorism Act 2008 (imposition of penalty by HMRC) after “25” insert “ or 25A ”.

Sch 1 para 10(2)

In paragraph 27 of that Schedule (imposition of penalty by other enforcement authority)—

Sch 1 para 10(2)(a)

in sub-paragraph (1) after “25” insert “ or 25A ”, and

Sch 1 para 10(2)(b)

in sub-paragraph (3) after “25” insert “ or (as the case may be) 25A ”.

Sch 1 para 10(3)

In paragraph 29(1) of that Schedule (payment and recovery of civil penalties) after “25” insert “ or 25A ”.

Sch 1 para 10(4)

In paragraph 41(2) of that Schedule (application of civil penalties by Financial Services Authority) after “25” insert “ or 25A ”.

Amendments relating to section 51: Northern Ireland credit unions

Sch 1 para 11

Sch 1 para 11(1)

In paragraph 18(2) of Schedule 7 to the Counter-Terrorism Act 2008 (definition of “enforcement officer”) omit paragraph (d) (but not the word “or” at the end of the paragraph).

Sch 1 para 11(2)

In paragraph 18(3)(b) of that Schedule (definition of “local enforcement officer” in Northern Ireland) for “DETINI” substitute “ the Department of Enterprise, Trade and Investment in Northern Ireland (“DETINI”) ”.

Sch 1 para 11(3)

In paragraph 27(1) of that Schedule (imposition of penalty by enforcement authority) for “, the OFT or DETINI” substitute “ or the OFT ”.

Sch 1 para 11(4)

In paragraph 28 of that Schedule (appeal against imposition of certain civil penalties)—

Sch 1 para 11(4)(a)

omit sub-paragraph (2), and

Sch 1 para 11(4)(b)

in sub-paragraph (3) omit “or court”.

Sch 1 para 11(5)

In paragraph 46 of that Schedule (index of defined expressions), in the entry for DETINI, for “paragraph 18(1)(d)” substitute “ paragraph 18(3)(b) ”.

Sch 2

Repeals and revocations

Sch 2

Terrorist asset-freezing

Sch 2

Terrorist financing, money laundering etc.

Paragraph

In Schedule 7—paragraph 5(2)(f), in paragraph 18(1), paragraph (d) and the word “or” before the paragraph, in paragraph 18(2), paragraph (d) (but not the word “or” at the end of the paragraph), in paragraph 28, sub-paragraph (2) and, in sub-paragraph (3), the words “or court”, and in paragraph 39(2), paragraph (d).