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UK:Iceland Bank Freeze 'used Anti-terror Laws'  
User currently offlinePPVRA From Brazil, joined Nov 2004, 8958 posts, RR: 40
Posted (5 years 10 months 2 weeks 6 days 16 hours ago) and read 1570 times:



Quote:
Iceland bank freeze 'used anti-terror laws'
Thursday, 09 Oct 2008 13:59

The UK government implemented anti-terror laws to freeze the estimated £4 billion worth of British financial assets in a failed Icelandic bank, it has been revealed.

The freezing order against Landsbanki, which owns failed internet bank Icesave, was issued under the 2001 Anti-Terrorism, Crime and Security Act.

http://www.politics.co.uk/news/opini...sed-anti-terror-laws--$1244102.htm

Well, some people did warn about these things, didn't they? At the time (2001) I didn't think much about them but looks like they were right. Governments and "emergencies" and "security" blankets. . . jeez.


"If goods do not cross borders, soldiers will" - Frederic Bastiat
6 replies: All unread, jump to last
 
User currently offlinePyrex From Portugal, joined Aug 2005, 4008 posts, RR: 28
Reply 1, posted (5 years 10 months 2 weeks 6 days 16 hours ago) and read 1562 times:

I always knew those Icelandic people were up to no good. Damn Vikings!


Read this very carefully, I shall write this only once!
User currently offlineBaroque From Australia, joined Apr 2006, 15380 posts, RR: 59
Reply 2, posted (5 years 10 months 2 weeks 6 days 15 hours ago) and read 1551 times:



Quoting PPVRA (Thread starter):
Well, some people did warn about these things, didn't they? At the time (2001) I didn't think much about them but looks like they were right. Governments and "emergencies" and "security" blankets. . . jeez.

Yes, interesting move. I wonder which laws they will use to confiscate any funds - proceeds of drug crime?? Any other offers.

Seems strange. But then it follows the pattern after the attacks on NY. I mean Australia asked the Indonesians to charge the Bali bombers under a terrorism law they DID NOT HAVE, rather than the perfectly good murder law they have had for a very long time. Some sort of collective madness. In the case of the Bali bombers, it gave them a number of new lines for appeals.

That my work out for Iceland too - I would assume they would challenge the use of terrorist laws. I am just surprised it too so long for a thread on this topic PPVRA.  bigthumbsup 

Hope some Brits can tell us more of the background, other than the extraordinary Icelandic banking scam - aided and abetted by so many others! Could it be that it is a preliminary to locking up half the city as economic terrorists. Would be justified.

I mean these guys are doing so much more damage than OBL ever dreamed of. And I assume he is still sitting in his cave/luxury hotel, taking notes!!!!


User currently offlineAirCatalonia From Spain, joined Nov 2007, 554 posts, RR: 0
Reply 3, posted (5 years 10 months 2 weeks 6 days 15 hours ago) and read 1536 times:

How can you freeze a bank called Icesave? They are frozen already!  Wink

User currently offlineSeansasLCY From Hong Kong, joined Mar 2007, 858 posts, RR: 0
Reply 4, posted (5 years 10 months 2 weeks 5 days 10 hours ago) and read 1464 times:

This is exactly the reason the people of the UK should reject ID cards and 42 days detention. We are told it is to stop terrorists then its used for completely seperate reasons.

User currently offlineBaexecutive From United Kingdom, joined Jul 2005, 740 posts, RR: 0
Reply 5, posted (5 years 10 months 2 weeks 5 days 8 hours ago) and read 1454 times:

Yes certain aspects of legislation relating to 'anti-terrosism' laws were used in this case as a threat the the UK's economic stability was identified, this is entirely justifiable both legally and morally.

User currently offlineAsturias From Spain, joined Apr 2006, 2148 posts, RR: 16
Reply 6, posted (5 years 10 months 2 weeks 5 days 4 hours ago) and read 1426 times:



Quoting Baexecutive (Reply 5):
Yes certain aspects of legislation relating to 'anti-terrosism' laws were used in this case as a threat the the UK's economic stability was identified, this is entirely justifiable both legally and morally.

When the laws themselves were created to combat terrorism in a post 9/11 world. Those laws were to freeze the assets of terrorist financiers, now they're used in no such way.

Take any law passed then to combat terrorism and apply it to anything else.

This is poor use of the laws by the executive branch in the UK - at best. At worst it is an abuse which will serve as a precedence for further abuse against non-terrorists in the future. Both with this law and other laws made "to combat terrorism".

So legally the application of those laws are in a grey area, but morally there is no excuse to use them this way.

asturias



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