Egypt’s prime minister Mostapha Madbouly (photo: Al-Ahram)
The Egyptian Cabinet approved on Wednesday a number of amendments to a law regulating the listing of terrorists and terrorist entities, introducing a broader definition of terrorist activity with the aim of boosting the ability to combat it.
The main amendment to the law introduces a broader definition of the "funds" of terrorist individuals and entities that can be frozen under the law.
According to the amendment, the definition of "funds" shall include all financial assets and economic resources, like oil, natural resources, properties of any kind, legal documents, stocks, paper currencies and any other assets that might be used to obtain money, products, or services, the cabinet said in a statement on its official website on Wednesday.
The amendment also stipulates that all forms of funds or other assets fully or jointly owned by an entity and its terrorist members would be frozen, along with any returns generated from them.
The cabinet said the new amendments aim to introduce "more effective measures to counter terrorism and its financing by creating a more comprehensive legal framework for identifying terrorist individuals and groups."
Under the law that was issued in 2015, listed terrorist entities shall be banned and have their activities suspended and designated places of operation shut down.
It also prohibits any sort of financing or fundraising for listed terrorist entities and prohibits joining, promoting or upholding the slogans of any such entity.
Listed terrorists are put on the travel ban and watch lists, and can have their passports revoked or cancelled or be banned from issuing new ones. Listed foreign terrorists could be denied entry to the country.
People added on a terrorism list cannot hold state and judicial positions.