UN Security Council unanimously passes binding terror financing resolution
March 30, 2019 in News by RBN Staff
Source: www.homelandsecuritynewswire.com
UN Security Council unanimously passes binding terror financing resolution
Published 28 March 2019
The UN Security Council voted to impose sanctions on countries which finance terror groups. The issue of terror financing has been partially addressed before, but Thursday resolution is the first comprehensive measure of its kind.
The UN Security Council voted to impose sanctions on countries which finance terror groups. The issue of terror financing has been partially addressed before, but Thursday resolution is the first comprehensive measure of its kind. The Security Council unanimously passed a French resolution making terrorism financing a serious crime. The binding resolution, drafted under chapter 7 of the UN Charter, can be backed with sanctions for countries that do not comply.
Fox New reports that the topic of terror financing has been addressed in a number of resolutions since the 9/11 attacks on the United States, but that Thursday’s measure is the first comprehensive terror financing resolution the UN has ever passed.
The resolution requires that individual countries “ensure that their domestic laws and regulations establish [terror financing as] serious criminal offenses.” Vladimir Voronkov, the UN’s counterterrorism chief, said the resolution “comes at a critical time” as it is clear to all that terrorists are funded through both illegal and legal channels.
The president of the Financial Action Task Force (FATF), Marshall Billingslea, said the resolution will not only allow his organization to pressure more than 50 countries to enforce such laws, he said it will also help in the fight against ransom payments to groups like “Islamic State (IS).
