25.This Part corresponds to Part III of the PTA (“Financial assistance for terrorism”) and was discussed in Chapter 6 of the Government’s consultation document under the heading “Terrorist finance”. The name has been changed to “Terrorist property” to make it clear that in the Act – just as in the PTA – the Part III offences apply not only to money but also to other property. While Part III of the PTA applies only to Irish and certain kinds of international terrorism, Part III of the Act applies to all forms of terrorism.
26.In addition to replicating Part III of the PTA, Part III of the Act also introduces a new power for the police, customs officers and immigration officers to seize cash at borders and to seek forfeiture of the cash in civil proceedings. This is modelled on a power which already exists in Part III of the Drug Trafficking Act 1994 (c. 37).
Commentary Part Iii: Terrorist Property