Proceeding contribution from Lord Sassoon (Conservative) in the House of Lords on Wednesday, 6 October 2010. It occurred during Committee of the Whole House (HL) and Debate on bill on Terrorist Asset-Freezing etc. Bill [HL].
Terrorist Asset-Freezing etc. Bill [HL]
My Lords, I fully appreciate that the intention of Amendments 12 and 13 is to give the Treasury flexibility when determining whether to publicise a designation. However, the Treasury believes that the automatic publication of designations on its website where the conditions of Clause 3(3) are not met is the most efficient and effective way of achieving the appropriate level of awareness and compliance with the asset freeze. It is the most effective method of informing the financial sector and other parties of their asset-freezing obligations, and thus of limiting the risk of the prohibitions—
Secondary information
- Type
- Proceeding contribution
- Reference
- 721 c162-3
- Session
- 2010-12
- Chamber / Committee
- House of Lords chamber
- Subjects
- Disclosure of information Compensation Civil liberties Appeals Assets Bank services Banks Court orders Advocacy Financial services Financial institutions Insurance International cooperation Money laundering Terrorism Stocks and shares Treasury Sequestration of assets High Court
- Legislation
- Terrorist Asset-freezing etc Bill (HL) 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 18:26:04 +0000
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