India welcomes UN move against terror funding

Welcoming the recognition in the resolution of the essential role of the Financial Action Task Force (FATF) in setting global standards, India’s permanent representative at the United Nations, Syed Akbaruddin said the states who are “apologists” for terrorists will continue to provide alibis to justify their actions and inaction.

Akbaruddin also said ‘serial offenders’ will continue to support terrorism, in a veiled reference to Pakistan.“Terrorists are going to be more creative in finding ways to violate the rule book also the unfortunate reality is the states which are apologists will continue to provide alibis to justify their actions and inactions to as was done by a serial offender earlier today,” he noted.

After the UN Security Council adopted a resolution that calls upon countries to prevent and counter financing of terrorism, India welcomed the “recognition in a resolution of essential role of financial action task force”.

Syed Akbaruddin, said, “Global community is impatient for action. Going forward the UN collectively needs to do more and do it much more effectively. For its part, India will be a willing partner in this endeavour.”

Stating that effective and sustained efforts at countering terror financing is at the heart of the issue of addressing terrorism, Akbaruddin added, “Terrorists rely on resources to sustain themselves and their activities across the world. We, therefore, welcome this initiative to bring together, in a comprehensive manner, various existing norms and regulations. It is a milestone in global efforts to set up a normative framework to criminalize terrorist financing.”

India also emphasised that non-compliance of crucial sanction measures in case of UN proscribed terrorists, entities render all the member states at high risk of challenges from these terrorist groups/organisations who are well funded and armed despite international measures.

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