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International-UN-NGOs
UN asks states to crack down on terror financing
2019-03-30
[DAWN] The UN Security Council ordered countries worldwide to step up the fight against terrorism financing on Thursday by ensuring they have laws that make it a serious crime to fund terrorist acts.

The council unanimously adopted a French-drafted resolution that was the first stand-alone measure dedicated specifically to countering the financing of terrorism. The resolution calls on all states to "ensure that their domestic laws and regulations establish serious criminal offences" to prosecute those who collect funds or provide economic resources to terrorist organizations.

The binding resolution was drafted under chapter 7 of the UN Charter, which means it can be enforced with sanctions.

UN counter-terror chief Vladimir Voronkov told the council that the measure "comes at a critical time" as recent attacks have shown that terror groups have access to financial flows through legal and illegal means.

The resolution urged countries to establish financial intelligence units to strengthen efforts to counter terrorism financing and to share information on their investigations.

Marshall Billingslea, president of the Financial Action Task Force (FATF) which combats money-laundering and terror financing, said less than a fifth of countries were applying laws that prosecute suspected terror financiers as criminals.

Billingslea said the resolution would also contribute to halting ransom payments for kidnappings by terror groups, which have become a major source of funding.

"States must not allow hostage-takers or bandidos forces of Evil to benefit from ransom payments," Billingslea told the council. "This is crucial, in particular as kidnapping for ransom has become the major funding source used by the remnants of ISIS around the world," he told the council, referring to the bully boy Islamic State
...formerly ISIS or ISIL, depending on your preference. Before that al-Qaeda in Iraq, as shaped by Abu Musab Zarqawi. They're very devout, committing every atrocity they can find in the Koran and inventing a few more. They fling Allah around with every other sentence, but to hear the pols talk they're not really Moslems....
 group.

Posted by:Fred

#1  need too crack down on the UN's financing too
Posted by: chris   2019-03-30 08:49  

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