Treasury has started a public consultation on its Terrorist Asset-Freezing Bill (see FReD This Week 12 February). The consultation explains the Government's approach and plans. Specifically, following the Supreme Court's decision to quash elements of existing legislation and Treasury's subsequent drafting of temporary emergency legislation, it wants to know whether this full draft Bill is the best approach to terrorist asset freezing. It has taken the opportunity to assess powers it uses under various legislation. It asks:
- whether the Bill is the most effective way of meeting UN obligations and protecting national security while providing the appropriate human rights safeguards;
- for views on the current asset-freezing regime under the Terrorism Orders; and
- about the costs and benefits of the regime.
Consultation closes on 18 June.