§ Mr. WrayTo ask Mr Chancellor of the Exchequer what progress has been made in co-operating with other European Treasury Departments in neutralising terrorist funds. [81063]
§ Ruth KellyAs made clear in the recent joint Treasury/Home Office report "Combating the Financing of Terrorism: A Report on UK action", many of the measures to target, disrupt and cut off terrorist financing are taken at international level. The Treasury works in close cooperation with its European counterparts and others, including the financial services industry, to ensure the effectiveness of these measures in the fight against terrorism. EC Regulations have been introduced which require all EU members to freeze the assets of terrorists and those listed by the UN Sanctions Committee as associated with bin Laden, Al Qa'ida and the Taliban.