Part 1: International legal developments (Sub-group 1: Critical review of terrorist-related legislation and the monitoring of new legislation)

Author：

Publisher： Emerald Group Publishing Ltd

ISSN： 1368-5201

Source： Journal of Money Laundering Control, Vol.6, Iss.3, 2003-07, pp. : 201-216

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Abstract

Divides into two sections: the US response, and international and multilateral efforts. Describes Executive Order 13224, issued by President Bush after 11 September 2001; this expanded the list of designated terrorist organisations, and obliged all persons to block or freeze terrorist assets. Outlines the Patriot Act Title III: the International Money Laundering Abatement and Anti-Terrorist Financing Act 2001, including statutory provisions, interbank correspondent accounts, and interbank payable-through accounts. Moves on to international and multilateral actions by the United Nations, including Security Council resolutions; jurisdictional conflicts in defining terrorism and in enforcing Resolution 1373; the Financial Action Task Force; and the European Union.