Financial Crime World

Preventing Terrorist Financing: France Leads the Way

In the ongoing fight against terrorism, France has emerged as a crucial player in preventing terrorist financing, particularly in French Polynesia. As a permanent member of the United Nations’ Security Council, France has been instrumental in shaping international counter-terrorism efforts.

Drafting New Resolutions to Combat Terrorism

Since the September 11 attacks, France has been actively drafting new Security Council resolutions to strengthen the global response to terrorism. These resolutions aim to combat terrorist groups and their financing networks, as well as promote cooperation between countries.

Sanctions Regime Against Daesh and Al-Qaeda

France is also a key player in the UN’s sanctions regime against Daesh and Al-Qaeda. The 1267 sanctions regime, established in 1999, targets the financial networks of these terrorist organizations by imposing travel bans, freezing assets, and restricting arms exports.

Monitoring Committee Plays Crucial Role

A monitoring committee, comprising experts from Security Council member states, ensures that the sanctions regime is effectively enforced. The Ombudsperson position, created in 2009, provides an independent mechanism for reviewing delisting requests.

Contributing to UN Counter-Terrorism Strategy

The Global Counter-Terrorism Strategy, adopted by the UN General Assembly in 2002, outlines a consistent approach to combating terrorism and promoting international cooperation. France supports this strategy and has contributed to its implementation through its participation in the UN Counter-Terrorism Implementation Task Force.

National Efforts to Combat Radicalization and Terrorism

France’s national action plan against radicalization and terrorism, updated in July 2018, reflects the country’s commitment to preventing terrorist financing at home. The plan aims to promote community cohesion, support for vulnerable individuals, and effective counter-terrorism measures.

In conclusion

France is a vital player in the global fight against terrorism, particularly in the area of preventing terrorist financing. Through its involvement with the UN and its national efforts, France is helping to strengthen international cooperation and combat the financial networks that sustain terrorist organizations.