§ Andrew MackinlayTo ask the Chancellor of the Exchequer if he will make a statement on(a) progress made and (b) measures yet to be achieved in attaining satisfactory collaboration from (i) the banking and financial sector and (ii) national regulatory bodies of the member states of the United Nations in the war against terrorism. [118882]
§ Mr. BoatengThe UK banking and financial sector gives the Government its fullest support in the fight against terrorism. UK institutions have successfully frozen some US$100 million of terrorist funds before and since 11 September and provide regular reports to the Bank of England on the totals held. Currently, around $58 million remains frozen.
All the relevant institutions in UN member states work collaboratively to ensure that United Nations Security Council Resolutions 1373 (regarding terrorist financing generally) and 1390 (targeting the Taliban and al-Qaeda) are enforced.