Tag Archives: financing

France Presses on Terrorist Financing

Agen Sabung Ayam

BRUSSELS—France on Tuesday pushed other EU governments to take steps to greater keep track of and freeze terrorist funding in a reaction to last month’s attacks in Paris.

The proposed steps consist of faster asset freezes, more durable policies on e-currencies, pay as you go playing cards and on the art and antiquities trade, as nicely as the institution of a U.S.-design, pan-European antiterrorism finance monitoring system.

The proposals are contained in a 13-web page discussion paper well prepared by France and circulated amid other governments at a conference of European Union finance ministers here.

“We are below these days to mobilize Europeans in combating terrorism financing. This is the complete precedence,” French finance minister Michel Sapin stated on his way into the assembly.

He said that since spring, the EU has toughened its policies from funds laundering, “but the deadlines for making use of them are too extended. Terrorists are here. We need to act more rapidly and stronger than we have up to now.”

The French authorities also called for the institution of national centralized bank-account registers, which law enforcement would have obtain to when monitoring terrorists.

This would pave the way for an EU-wide technique capable to lookup via financial institution transfers of terrorism suspects modeledon an worldwide financial institution transactions lookup plan set up by the U.S. in the aftermath of the Sept. 11, 2001 terrorist attacks.

Underneath the French proposal, asset freezes would be implemented inside of 72 for EU citizens who have absent to struggle for Islamic Condition or other terrorist teams and returned to Europe.

The Paris attacks ended up carried out by a terrorist mobile that funded itself clandestinely and with fairly tiny quantities. France needs to put into action ID checks on so-much nameless transactions within the EU. The stricter principles would also use to electronic currencies and prepaid playing cards.

“E-cash and, specifically, pay as you go cards, that represent a discreet substitute for income, could be extremely extensively utilized by structured crime, migrant traffickers and terrorists. These cards let for nameless buys of products such as airline tickets and weapons,” the French paper explained.

The paper also cites the need to toughen principles on trading in arts and antiquities because terrorist companies are involved in smuggling from archaeological and cultural sites to support their operations.

Presently, EU rules utilize only to the export of artwork objects, but not to artifacts imported from Iraq and Syria.

Immediate action wasn’t predicted from Tuesday’s conference, but the finance ministers of Austria, the Netherlands and Germany expressed support for the French stance and mentioned the European Fee, the bloc’s executive, necessary to appear up with new proposals to reflect the adjustments.

“Changing the anti-funds-laundering directive would take a whilst, but the French request is justified and we’ll talk about it right now,” mentioned Austrian finance minister Hans Jörg Schelling.


WSJ.com: Planet News

OECD countries to limit overseas financing for coal plants Agen Sabung Ayam

Agen Sabung Ayam

TOKYO (AP) — Many key nations, including the United States and Japan, have attained an arrangement to restrict export funding to build coal energy plants abroad.

Environmentalists say the pact arrived at Tuesday is an important phase forward and sends a strong political information forward of forthcoming local weather adjust talks in Paris.

The Obama administration announced in 2013 that it would unilaterally conclude U.S. financing for abroad coal power vegetation, and has been pressuring other folks to be a part of. Japan was among individuals opposed to the shift, arguing that its higher-performance electricity plant technologies is the best selection for building nations around the world that need to have cost-effective vitality.

The arrangement was achieved by the associates of the Organization for Financial Cooperation and Advancement, a Paris-primarily based group of 34 nations including most of Europe and other essential economies.

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