David Anderson QC, the independent reviewer of terrorism legislation in the UK, has published his third annual report on the Terrorist Asset-Freezing etc. Act 2010 (“TAFA”).  In the latest report Anderson provides a summary of the individuals and entities HM Treasury has designated, including details of delistings, the types of asset frozen in the UK and EU, and the process for new designations and their review by HM Treasury.

The report points out that TAFA has only been used “lightly” in the three years since its entry into force. Anderson estimates that the total assets affected amount to “less than

£100,000”. The report provides a summary of the licensing process whereby individuals

and entities can obtain exceptions to asset freezes envisaged by TAFA.

Second Report on the operation of TAFA (PDF)

First Report on the operation of TAFA (PDF)