INTERPOL/ECJ TERRORISM FINANCE
September 1st, 2005
Keith NuthallTHE EUROPEAN Court of Justice has ruled that European Union (EU) institutions have the legal authority to freeze the funds of private individuals "in connection with the fight against international terrorism", if such action is sanctioned by the UN Security Council. Its decision comes in a case brought by Ahmed Ali Yusuf, the Al Barakaat International Foundation and Yassin Abdullah Kadi, whose funds were frozen in Sweden in 2001. Kadi heads the Saudi-based Muwafaq Foundation, which the US alleges is an al-Qaeda front, and Yusuf the Sweden-based ...
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