Treasury pledges to fight terrorist funding
LONDON – Economic secretary to the UK Treasury, Ed Balls MP, reinforced the government's commitment to fighting terrorist financing in a parliamentary speech and in a presentation to a British Bankers' Association conference in October.
Balls, a key ally of Chancellor Gordon Brown MP – who is widely considered to become Prime Minister when Tony Blair steps down next year – put forward the government's action plan in his parliamentary speech. On behalf of the Treasury, Balls asked the Privy Council to adopt a new Terrorism (United Nations Measures) Order that will update the existing order – including changes to the way domestic assets are frozen. In addition, the Treasury has agreed with law enforcement agencies to allow the
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