OFSI has submitted its latest quarterly report to Parliament on the operation of the UK asset freezing regime under TAFA. The report covers the quarter to the end of 2019 and notes:
- only £9,000 of funds were frozen under TAFA and £18,000 under EU Regulation 2580/2001, but £70,000 were frozen under the EU Regulation on ISIL-Al Qaida;
- a total of 46 accounts were frozen at the end of the quarter under the various regimes but only one was frozen during the quarter;
- there was one new public designation and 2 delistings; and
- 2 licences were issued under the ISIL-Al Qaida regime.