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Is it true the Government have used anti-terrorist legislation to freeze the assets of the Icelandic banks?

April 26, 2017anti-terrorist assets Banks freeze government Icelandic legislation politics Used

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Is it true the Government have used anti-terrorist legislation to freeze the assets of the Icelandic banks?

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Yes, it’s true that the British government have used (or abused) anti-terrorist legislation against the Icelandic banks and their British subsidiaries. That caused Iceland’s largest and strongest bank to go bankrupt and that may well result in a major lawsuit against the British government.