BEIJING, Jan. 17 (Xinhua) -- A rule enabling Chinese banks to
freeze terrorists' assets has come into force, the People's Bank of
China said on Friday.
The rule, made jointly by the People's Bank of China, the Public
Security Ministry and the State Security Ministry, went into effect
on Jan. 10, according to the central bank website.
According to the bank, the measure will prevent terrorism and is
in accordance with a United Nation's requirement that all nations
freeze, without delay, funds or other assets of terrorists.
The nation's top legislature required financial and certain
non-financial organizations to freeze terrorists' assets in 2011.
Friday's regulation further details the process.
Assets of terrorists will be frozen immediately after the Public
Security Ministry releases the names of terrorists.
The regulation mainly applies at home, but also has effects on
overseas branches and affiliates of relevant organizations, the
statement said. Enditem
(To stay up to date with the latest China news, follow XHNews on
Twitter at http://www.twitter.com/XHNews and Xinhua News Agency on
Facebook at http://www.facebook.com/XinhuaNewsAgency.)