Noonan: €1m ‘terror’ fund frozen in accounts

Finance Minister Michael Noonan has confirmed that entities with ties to terrorist network al Qaeda have more than $1.2m (€1.13m) frozen in several bank accounts here.

Mr Noonan made the disclosure in a written Dáil response to Fianna Fáil’s Michael McGrath. He also confirmed there are more than $1.6bn (€1.51bn) of funds owned by entities linked to Libya frozen in several Irish-based bank accounts.

In addition, Mr Noonan confirmed there is another €1m in funds frozen in accounts owned by parties with links to Iran, with another $620,951 frozen in bank accounts owned by entities linked to Syria. There are also frozen accounts containing small amounts belonged to entities connected to North Korea and Somalia.