India calls for cooperation between FATF, UN to combat terror financing

India's comments come as Pakistan had requested the UN Security Council's anti-terror committee to allow Mumbai attack mastermind Hafiz Saeed to withdraw money from his bank account for basic expenses

Team Udayavani, Oct 10, 2019, 11:47 AM IST

United Nations: India has strongly condemned any direct or indirect financial assistance to terrorists and terror groups by nations that enables them to pursue their activities, including in defending criminal cases against them.

Speaking at a General Assembly Sixth Committee meeting on measures to eliminate international terrorism’, First Secretary/Legal adviser in India’s Permanent Mission to the UN Yedla Umasankar on Wednesday called for increased cooperation between the Financial Action Task Force (FATF) and the UN to combat terror financing.

The flow of resources meant to produce terror are required to be stopped by States for which collective inter-State efforts are required at regional and sub-regional levels. The FATF has a significant role in setting global standards for preventing and combating terrorist financing and the UN needs to increase cooperation with such bodies, Umasankar said.

He said India strongly condemns direct or indirect financial assistance given to terrorist groups or individual members thereof by States or its machineries, to pursue their activities, including in defending the criminal cases involving terrorist acts against them.

India’s comments come as Pakistan had requested the UN Security Council’s anti-terror committee to allow Mumbai attack mastermind Hafiz Saeed to withdraw money from his bank account for basic expenses.

Saeed, a UN designated terrorist on whom the US has placed a $10 million bounty, was arrested on July 17 this year in a terror financing case in Pakistan. He was listed under UN Security Council Resolution 1267 in December 2008.

According to UN provisions, all states are required to freeze the funds and other financial assets or economic resources of designated individuals. The resolution also provides for states to sanction basic expenses of the designated individuals if there is no-objection over it.

Umasankar said India strongly believes that terrorism can be countered by combined international efforts, stressing that the UN is best suited for developing this transnational effort. He lamented that current measures to combat terrorism are having little impact on the ground.

He reiterated India’s firm belief that the Comprehensive Convention against International Terrorism (CCIT) will provide a strong legal basis for the fight against terrorism and will be in the interest of all Member States to have a multilateral and collective dimension of counter-terrorism effort.

The inability to agree on a Comprehensive Convention on International Terrorism remains one of the great gaps in the international legislative framework that would strengthen efforts to destroy safe havens for terrorists, their financial flows and their support networks. We need to move forward in adopting the draft text of CCIT which is a balanced one and has emerged after long discussions, he said.

 

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