Treasury written question – answered on 30th March 2010.

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Photo of Stephen Crabb Stephen Crabb Opposition Whip (Commons)

To ask the Chancellor of the Exchequer what recent steps he has taken to freeze the assets of financial institutions operating in UK jurisdictions which provide banking facilities to Hamas.

Photo of Sarah McCarthy-Fry Sarah McCarthy-Fry Parliamentary Secretary, HM Treasury

Hamas (including its military wing, the Izz-al-Din al-Qassem Brigades) is subject to an EU asset freeze under Council Regulation (EC) No. 2580/2001. The Terrorism (United Nations Measures) Order 2009 provides enforcement provisions in the UK in respect of this Regulation. Hamas' military wing is also proscribed in the UK.

As such, any financial institutions or other persons that hold or operate accounts for Hamas (including its military wing) are required to freeze those accounts. In addition, the asset freeze prevents financial institutions and others from making funds, economic resources or financial services available to Hamas.

The prohibitions in the Terrorism (United Nations Measures) Order 2009 apply to persons in the UK and British citizens elsewhere, including corporate bodies incorporated or constituted under the law of any part of the UK or a Scottish partnership, including banks, financial institutions, charitable organisations and non-governmental organisations, in the UK or established under UK law.

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