People's Bank of China, Measures for the Administration of Freezing of Assets Involved in Terrorist Activities (Draft for Comments)

Main contents: The Draft requires financial institutions and designated non-financial organisations to promptly freeze the capital or other assets directly or indirectly owned or controlled by terrorist organisations or terrorists. If the capital or assets are jointly owned or controlled by others and cannot be separated or the relevant percentages cannot be determined, such capital or assets will be frozen altogether. The customers or entrusting party concerned should be informed and given reasons for the freezing.