Tag Archives: Presses

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