The UK Counter-Terrorism Act 200 confers further powers to gather and share information for counter-terrorism.
The Counter-Terrorism Act 2008 makes further provision about the detention and questioning of terrorist suspects and the prosecution and punishment of terrorist offences; imposes notification requirements on persons convicted of such offences; confers further powers to act against terrorist financing, money laundering and certain other activities; provides for review of certain HM Treasury decisions and about evidence in, and other matters connected with, review proceedings; amends the law relating to inquiries; amends the definition of terrorism; amends the enactments relating to terrorist offences, control orders and the forfeiture of terrorist cash; provides for recovering the costs of policing at certain gas facilities; and amends provisions about the appointment of special advocates in Northern Ireland.
The Counter-Terrorism Act 2008 Schedule 7 allows HM Treasury to act in response to risks posed to the UK by money laundering, terrorist financing, and the proliferation of chemical, biological, radiological or nuclear weapons. These powers mean the Treasury can require UK financial and credit institutions to undertake a graduated series of measures in their dealings with designated individuals, firms, governments, or countries. The measures range from conducting enhanced due diligence on designated entities, to limiting or ceasing business with them.