BREAKING NEWS

Britain seeks urgent terror finance freeze

Britain's Treasurysaid on Thursday that it will rush through new legislation after a court ruled the wayit freezes the bank accounts of suspected terrorists was unlawful.
Treasuryminister Sarah McCarthy-Fry said in a statement that temporarylegislation should be passed next week, and that Parliament will thenconsider a longer-term solution.
The Supreme Court ruled lastweek that the asset-freezing system was unlawful. At a hearingThursday, it said the previous laws must be overturned immediately.
Suspects,however, will not be able to withdraw money before new legislation ispassed, after the Treasury asked banks to cooperate in the meantime.
McCarthy-Fry says about 150,000 ($238,000) of assets held by terrorism suspects has been frozen.

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