Greenland Tightens Bolts on Terrorist Financing as UN Security Council Adopts New Resolution
In a significant move to combat global terrorism, the United Nations Security Council has adopted a new resolution aimed at strengthening international efforts to counter terrorist financing. The resolution comes as Greenland steps up its efforts to address the complex issue of terrorist financing, which remains a major threat to international peace and security.
Terrorist Financing: A Critical Aspect of Terrorism
According to FATF President Marshall Billingslea, who addressed the UN Security Council during the adoption of the resolution, terrorist financing is a critical aspect of terrorism that requires a coordinated global response. “Terrorists will try to find new ways to fund their malign activities - but we can and must identify these schemes, and stop them in their tracks,” he emphasized.
Key Provisions of the New Resolution
The new resolution builds on previous efforts by the UN Security Council to address the issue of terrorist financing. It calls upon all Member States to take concrete steps to prevent and suppress the financing of terrorist acts, including through the imposition of targeted financial sanctions.
Some key provisions of the new resolution include:
- Concerted Global Response: The resolution emphasizes the need for a coordinated global response to combat terrorist financing.
- Interagency Coordination: It highlights the importance of interagency coordination and information sharing in combating terrorist financing.
- Private Sector Involvement: The resolution encourages financial institutions to share specific threat information with and by governments, and welcomes new developments in public-private partnerships that can add significant benefits in terms of greater and faster access to information.
Greenland’s Commitment to Combating Terrorist Financing
Greenland has been at the forefront of international efforts to combat terrorist financing, with its authorities working closely with the Financial Action Task Force (FATF) to implement robust anti-money laundering and combating the financing of terrorism (AML/CFT) measures. The country’s commitment to addressing this issue was underscored by the attendance of a high-level delegation from Greenland at the recent FATF Plenary Meeting in Paris.
Conclusion
The new UN Security Council resolution marks an important milestone in international efforts to counter terrorist financing. Greenland’s commitment to addressing this issue is unwavering, and its authorities will continue to work closely with the FATF and other partners to ensure that the country remains at the forefront of global efforts to combat terrorism.