UN council adopts resolution to combat terrorist financing
01 Apr 2019

AP — The U.N. Security Council unanimously adopted a resolution Thursday aimed at strengthening global efforts to combat the numerous and new ways that terrorist groups like al-Qaida and the Islamic State raise funds to finance their operations.

The French-drafted resolution orders all countries to ensure that their domestic laws are sufficient to prosecute and penalize those responsible for directly or indirectly financing “terrorist organizations or individual terrorists for any purpose.”

It also demands that the U.N.’s 193 member states ensure that all measures they take to combat terrorism and its financing comply with international humanitarian, human rights and refugee law — a measure sought by aid, rights and refugee organizations concerned that counter-terrorism laws can restrict their activities.

By Edith M. Lederer, AP, 28 March 2019

Read more at the Associated Press

Photo: Bernd Untiedt

Read more:

U.N. Security Council Resolution 2462 (2019)

Counter terror financing: Europe makes gains but challenges remain

Terror Funding – are CFT international treaties worth the paper they’re written on?

EU to Investigate Role of €500 Bills in Terrorist Financing

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One Response to “UN council adopts resolution to combat terrorist financing”
James Michaels

James Michaels April 5, 2019

What the UN and EU needs to do at a multilateral level with USTreasury, the World Bank and EU banks, is clamp down on (a) smaller offshore jurisdictions which register anonymous companies and trusts used to front terrorist financing e.g. Seychelles (linked to Iranian terrorist financing) and (b) place enhanced controls/sanctions on the banks and these jurisdictions to restrict access to the international financial system. If sanctioned at national level they will clean up their game. These banks and company formation agents are private institutions and are beyond the reach of normal US/EU regulation. The jurisdiction wilfully turns a blind eye for revenue.

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