Terror Financing Current Affairs - 2019

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Terror Monitoring Group for Jammu and Kashmir

The Union Home Ministry has announced setting up of a Terror Monitoring Group (TMG) to ensure synergised and concerted action against terror financing and terror-related activities in Jammu and Kashmir.

Mandate of the Terror Monitoring Group

  • Taking action against hardcore sympathisers among government employees including teacher’s etc providing overt or covert support to such activities.
  • TMG will act against all registered cases related to terror, terror financing and terror-related activities and bring them to a logical conclusion.
  • TMG shall identify all key persons including leaders of the organisations who are involved in supporting terrorism in any form and take concerted action against them. Investigate the networks of various channels being used to fund terror and terror-related activities and take action to stop the flow of such funds.
  • TMG will also investigate the network of various channels being used to fund terror and terror-related activities and take coordinated action to stop the flow of such funds.

The seven-member TMG shall be headed by the Jammu and Kashmir additional director general of police (ADGP) and have representatives from the Intelligence Bureau (IB), CBI, NIA, Central Board of Direct Taxes (CBDT), and Central Board of Indirect Taxes and Customs (CBIC). The Jammu and Kashmir police inspector-general shall be the seventh member of the TMG. Strangely the Enforcement Directorate (ED), which has attached several properties in terror funding cases, did not find mention in the order.

Month: Categories: StatesUPSC

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UNSC Resolution on Terror Financing

The United Nations Security Council (UNSC) has unanimously adopted a French-drafted resolution which ordered countries worldwide to step up the fight against terrorism financing by ensuring they have laws that make it a serious crime to fund terrorist acts.

UNSC Resolution

  • This resolution is the first stand-alone measure dedicated specifically to counter the financing of terrorism.
  • The resolution asks the states to ensure that their domestic laws and regulations establish serious criminal offences to prosecute those who collect funds or provide economic resources to terrorist organizations.
  • The resolution urges countries to establish financial intelligence units to strengthen efforts to counter terrorism financing and to share information on their investigations.
  • The resolution will help the FATF to mount pressure on more than 50 countries to pass new legislation on countering terror financing.

The UNSC has adopted resolution for sanctions to choking off the revenue to the Islamic State jihadist group and Al-Qaeda-linked fighter. The resolution encompasses in one text various initiatives contained in a range of resolutions.

How the resolution will aid in curbing terror activities?

Since the binding resolution was drafted under chapter 7 of the UN Charter it can be enforced with sanctions. This will force the nations to act.

The recent attacks like the Pulwama Terror Attack has shown that terror groups have access to financial flows through legal and illegal means. The resolution takes a step in curbing the inflows to the terrorist groups.

FATF notes that less than a fifth of countries were applying laws that prosecute suspected terror financiers as criminals. The resolution aims to change that.

The resolution would also contribute to halting ransom payments for kidnappings by terror groups, which have become a major source of funding.

Month: Categories: InternationalUPSC

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