According to a report from the AFX News service this week, the UK's Crime (International Cooperation) Bill has been amended in order to enable the freezing of terrorist assets throughout the European Union.
The new provision will require EU courts to act on asset freezing orders issued in the United Kingdom.
Speaking with regard to the amendment on Monday, Home Office Minister, Lord Filkin explained that: 'Asset freezing is proven to be an effective means of reducing the power of organised crime and terrorist groups. This would be a major step forward in our ability to take effective and swift action to tackle serious cross-border crime in Europe.'
According to AFX News, the amended Bill also contains other measures to help tackle international financial crime and assist other EU countries in monitoring the financial activity of criminals.
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