Combating the Financing of Terrorism in Luxembourg: Fund Seeks to Make a Difference

Introduction

In a bold effort to combat the financing of terrorism, a public institution with legal personality has been established in Luxembourg. The fund’s mission is to promote the development, coordination and implementation of means to combat certain forms of crime, with a particular focus on drug trafficking, money laundering and terrorist financing.

Operation and Funding

The fund operates by using funds confiscated from individuals involved in these illegal activities to support projects aimed at preventing and combating these crimes. With financial autonomy, the institution is able to implement its projects independently, free from external influence.

• The fund’s income may fluctuate, but it has announced plans to maintain a consistent level of funding for its projects in the coming years.
• This will enable the fund to continue supporting initiatives both nationally and internationally.

Board Members

The fund’s board members are comprised of respected officials from various government agencies, including:

• President Jean-Luc Kamphaus, who serves as the State representative on the board.
• Tara Desorby
• Polyxeni Kotoila
• Alain Origier, all of whom bring their expertise to the table.

Strategic Priorities

With its strategic priorities in place, the fund is well-positioned to make a significant impact in the fight against terrorist financing in Luxembourg. As the institution continues to grow and develop, it is likely that its efforts will have far-reaching consequences for the country’s national security and stability.

Conclusion

The establishment of this public institution in Luxembourg demonstrates the country’s commitment to combating the financing of terrorism and promoting national security and stability. With its strategic priorities in place, the fund is poised to make a significant impact in this critical area.