The Treasury said the action had been taken in conjunction with the United States and other international allies following reports linking the organisation with terrorist activity.
The chancellor has instructed UK financial institutions to freeze any assets of the foundation. A request has also been made to all G20 countries to freeze the assets of the charity.
Brown said: ‘Recent terrorist atrocities in Saudi Arabia and Morocco show that we must bear down strong on terrorism and the people who fund it.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements