Image Source: www.indefence.is

The day after both Landsbanki  – Icelands national bank and Kaupthing – icelands largest private bank was taken over by theIcelandic Financial Supervisory Authority the UK government froze all the assets of icelands largest bank in the UK.

The HM treasury also listed Landsbanki as a financial regime alongside the Taliban, Sudan, liberia and Zimbabwe. The UK government invoked 2001 terrorist legislation to freeze Landsbanki assets in the UK. One part has been taken over by ING and the other by administrators.  Assets totalling over €4 billion have now been sold off.

HM Treasury Snub Landsbanki

Icelanders shocked at hearing their bank assets were frozen using anti-terror legislation started up a campaign site to show to the world they are not terrorists. The BBC has also run a story.

click here for the campaign site