Question to the HM Treasury:

To ask His Majesty's Government what steps they have taken to permanently prevent ISIS from using their financial assets which have already been frozen.

There are 255 individuals and 88 entities or groups designated under the ISIL (Da’esh) and Al-Qaida (United Nations Sanctions) (EU Exit) Regulations 2019. The UK funds and economic resources owned, held or controlled by persons listed under this regime are frozen.

UK persons are also prohibited from dealing with the assets of Designated Persons, either directly or indirectly. The Office of Financial Sanctions Implementation will continue to investigate any breaches of financial sanctions.

UK sanctions legislation does not provide powers to seize frozen assets. Assets owned or controlled by a designated person are frozen immediately by the person in possession or control of them and does not involve a change in ownership.