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March 29, 2019

United Nations Security Council Unanimously Adopts Resolution on Preventing Financing of Terrorism

United Nations, New York

Photo: Marshall Billingslea, President of the Financial Action Task Force, briefs the Security Council on threats to international peace and security caused by terrorist acts. The meeting focused on preventing and combating the financing of terrorism. 28 March 2019. United Nations, New York. UN Photo/Eskinder Debebe.

United Nations, New York

ENLARGE

Photo: A comprehensive view of the Security Council chamber during the meeting on threats to international peace and security caused by terrorist acts. The meeting focused on preventing and combating the financing of terrorism. 28 March 2019. United Nations, New York. UN Photo/Loey Felipe.

United Nations, New York, 28 March 2019 — The UN is hailing a new Security Council resolution adopted on Thursday as a landmark step in suppressing the funding of terror groups worldwide.

Speaking via video-link from Rome, where he has been meeting specialist Italian law enforcement officials to discuss building closer ties to tackle the problem, the UN’s counter-terrorism chief, Vladimir Voronkov, said that the adoption comes at a “critical time,” with recent attacks demonstrating that terror groups continue to have access to both legal and illegal sources of funding.

Underscoring the necessity for active collaboration and targeted efforts, to achieve “concrete results” in the fight against terrorism and terrorist financing, Mr. Voronkov said that Resolution 2462 on Countering the Financing of Terrorism, pulls together previous resolutions to create a consolidated document that also covers several critical emerging issues.

The resolution calls for the UN Office of Counter-Terrorism (UNOCT) to play a leading role in identifying ways to suppress terrorist financing. The UN Office of Counter-Terrorism (UNOCT) was set up in 2017 to strengthen the Organization’s ability to implement s global counter-terrorism strategy.

Mr. Voronkov identified three priorities. The first is expanding the focus of the UNOCT to cover intelligence sharing, risk assessments, and public-private partnerships. The second priority is the development of a comprehensive approach to the problem.

The third priority is to work closely with the Financial Action Task Force, an inter-governmental body which sets standards for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system and regional regulators.

Marshall Billingslea, President of the Financial Action Task Force, and Mercy Buku, an expert in the countering of terrorist financing, also briefed the Security Council on the subject.

Source: United Nations, New York

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