News Release
Financial Sanctions: Al-Qa'ida and the Taliban
22 December 2006
This news release is issued in respect of the financial measures taken against Al-Qa'ida and the Taliban.
The Bank of England, as agent for Her Majesty's Treasury, has today issued a fresh direction to financial institutions and others who may hold funds that any funds which they hold for or on behalf of the entity named below must be frozen. This is because Her Majesty's Treasury have reasonable grounds for suspecting that the entity is or may be a person acting on behalf of a person designated by the UN Sanctions Committee in the list it maintains in accordance with Security Council resolution 1617 (2005).
Entity
SARRA PROPERTIES LIMITED
Address: 104 Smithdown Road, Liverpool, United Kingdom L7 4JQ
Other Information: UK Company no 05233365
Sarra Properties Limited was originally designated in a direction given by HM Treasury on 9 November 2006 under the Al-Qa'ida and Taliban (United Nations Measures) Order 2002 (SI 2002/111). This subsequent direction designates Sarra Properties Limited under the Al-Qaida and Taliban (United Nations Measures) Order 2006 (SI 2006/2952) and therefore, in particular, the prohibitions and extended definitions of "funds" and "economic resources" set out in that Order will now apply.
Financial institutions and others who may hold funds are requested to check whether they maintain any accounts or otherwise hold any funds for the entity named below and, if so, they should freeze the accounts or other funds and report their findings to the Bank of England.
Previous Notices and news releases related to Terrorism, Al-Qa'ida and the Taliban and a consolidated list of individuals and entities subject to these and other UK financial sanctions regimes are available from the Financial Sanctions pages.
Key Resources
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Bank of England Notice |
