Schedule 1 Forfeiture of Terrorist Cash Part 1 Introductory
324.Sub-paragraph (1) of paragraph 1 provides that Schedule 1 applies to terrorist cash, that is cash which is intended to be used for the purposes of terrorism, consists of resources of a proscribed organisation or is earmarked as terrorist property. Part 5 of the Schedule explains what is meant by cash which is earmarked as terrorist property.
325.Sub-paragraph (2) of paragraph 1 defines cash for the purposes of Schedule 1 and makes it clear that the definition applies wherever the cash is found in the United Kingdom. The definition of cash is intended to cover the most readily realisable monetary instruments used by terrorists; the order making power in sub-paragraph (3) enables the Secretary of State to prescribe by order (subject to the negative resolution procedure) monetary instruments as the need arises.