Part III Terrorist Property

Interpretation

14 Terrorist property.

1

In this Act “terrorist property” means—

a

money or other property which is likely to be used for the purposes of terrorism (including any resources of a proscribed organisation),

b

proceeds of the commission of acts of terrorism, and

c

proceeds of acts carried out for the purposes of terrorism.

2

In subsection (1)—

a

a reference to proceeds of an act includes a reference to any property which wholly or partly, and directly or indirectly, represents the proceeds of the act (including payments or other rewards in connection with its commission), and

b

the reference to an organisation’s resources includes a reference to any money or other property which is applied or made available, or is to be applied or made available, for use by the organisation.