On 8 October, Alistair Darling announced that he was taking steps to freeze the assets of Landsbanki in the UK. Under the Landsbanki Freezing Order 2008, passed at 10 a.m. on 8 October 2008 to come into force ten minutes later, the Treasury went on to freeze the assets of Landsbanki and assets belonging to the Central Bank of Iceland, and the Government of Iceland relating to Landsbanki. The freezing order took advantage of provisions in Part 2 of the Anti-terrorism, Crime and Security Act 2001, and was made "because the Treasury believed that action to the detriment of the UK's economy (or part of it) had been or was likely to be taken by certain persons who are the government of or resident of a country or territory outside the UK." UK Prime Minister Gordon Brown announced that the UK government would launch legal action against Iceland. The British Treasury and FSA proceeded to freeze an estimated ISK 690.4bn (€4.0bn) worth of British assets of Landsbanki branches in Britain. Concerning Kaupthing and its British subsidiaries, the UK also managed to seize its assets and transfer them to the Dutch bank ING.