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Treasury makes Cyber-Attack Asset Freezing Regs

Scales of Justice ( Lady of Justice) of the Central Criminal Court fondly known as The Old Bailey in the city of London, England, UK

Treasury has made the Cyber-Attacks (Asset-Freezing) Regulations 2019. The Regulations, made following ah EU Regulation, create a new set of designations under the financial sanctions regime aimed at potential cyber-attackers. The EU Regulation is aimed at cyber attacks that originate or are carried out outside the EU, or with the support of someone outside the EU. The Regulation includes a non-exhaustive list of what cyber-attacks might constitute a threat to Member States such that sanctions should apply.

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