BBC News: Iceland: Britain’s unlikely new enemy 

The current financial crises sparks the most ridicules situations: under the Anti-terrorism, Crime and Security Act of 2001 the British Government has seized Icelandic assets in the UK.

You can call the lovely people from Iceland many things, but terrorists?

The Icelanders are not amused (see article above).

It once again proves that governments are only to willing to twist any law and regulation to suit their agenda.