U.N. Security Council adopts new resolution to cut off all funding sources for ISIL, other terrorist groups

NEW YORK, 18th December 2015 (WAM) --- At its first ever meeting at Finance Ministers’ level, the United Nations Security Council today stepped up its efforts to cut off all sources of funding for the Islamic State in Syria and Iraq (ISIL) and other terrorist groups, including ransom payments, no matter by whom.

The 15-member council unanimously adopted a U.S. and Russian-drafted resolution that ties together existing measures targeting Islamic State's finances and offers guidance on implementation in a bid to push more countries to act.

In the resolution adopted at a session presided over by Treasury Secretary Jack Lew of the United States, which holds its monthly presidency, the Security Council called for enhanced actions, from closing financial system loopholes to stopping the abuse of charitable causes, as well as updating the existing ISIL and Al-Qaida Sanctions List, the United Nations said on its website.

Through the unanimous adoption of resolution 2253 (2015) under Chapter VII of the United Nations Charter, the Council decided that the 1267/1989 Al-Qaida Sanctions Committee would be known as the "1267/1989/2253 ISIL (Daesh) and Al-Qaida Sanctions Committee", while the Al-Qaida Sanctions List would be known as the "ISIL (Daesh) and Al-Qaida Sanctions List".

The 28-page resolution, co-sponsored by a broad array of Governments, covers asset freeze, travel ban, arms embargo and listing criteria for ISIL, Al-Qaida and "associated individuals, groups, undertaking and entities" measures that the Council decided it would review in 18 months or sooner, with a view to their possible strengthening.

It stressed that already existing resolutions mandating States to ensure that financial assets are not transferred to terrorists by persons within their territory "shall also apply to the payment of ransoms to individuals, groups, undertakings or entities on the ISIL (Daesh) and Al-Qaida Sanctions List regardless of how or by whom the ransom is paid."

The resolution called for increased international cooperation in sharing information and closer collaboration with the private sector to identify suspect transactions.

The Council also called on Member States to promote enhanced vigilance by persons within their jurisdiction to detect any diversion of explosives and raw materials and components that can be used to manufacture improvised explosive devices or unconventional weapons, including chemical components, detonators, detonating cord, or poisons.

"They (the terrorists) are agile and have been far too successful in attaining resources for their heinous acts," Secretary-General Ban Ki-moon told the Council at the start of the debate. "As Daesh (ISIL) and other terrorist groups disseminate their hateful propaganda and ratchet up murderous attacks, we must join forces to prevent them from acquiring and deploying resources to do further harm," he stressed.

"We know the challenge before us. Terrorists take advantage of weaknesses in financial and regulatory regimes to raise funds. They circumvent formal channels to avoid detection, and exploit new technologies and tools to transfer resources. They have forged destructive and very profitable links with drug and criminal syndicates – among others. And they abuse charitable causes to trick individuals to contribute," said the UN chief.

"Still, more needs to be done," Mr. Ban stated. "Terrorists continue to adapt their tactics and diversify their funding sources. Today, Daesh runs a multi-million dollar economy in territories under its control. Daesh terrorists raise money through the oil trade, extortion, undetected cash couriers, kidnapping for ransom, trafficking of humans and arms and racketeering," he said.

"They loot and sell precious cultural property, shamelessly profiting from the destruction of humanity’s common heritage. Social media outreach is exploited by Daesh, not just for radicalisation and recruiting, but also for fundraising. Other terrorist organisations around the world – from Boko Haram to Al-Shabaab to the Taliban – are following suit."


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