Counter-Financing of Terrorism


Pakistan to go on FATF terror financing list in June

ISLAMABAD: The Financial Action Task Force on Friday decided to place Pakistan back on its terror financing watch-list on a list of countries that financially aid terrorism with effect from June but Islamabad believed the decision was politically motivated that may affect its future cooperation. Despite ...
Posted: February 23, 2018, 7:07 pm

Pakistan to be back on terror financing watch list from June as China supports US move at FATF ...

NEW DELHI: China stayed neutral as Pakistan was put back on an international terrorism financing "grey list", three years after it was removed from that list. As the plenary meeting of the Financial Action Task Force (FATF) closed in Paris on Friday, Pakistan's fortunes plunged — from June, Pakistan will ...
Posted: February 23, 2018, 4:54 pm

Interior minister rejects reports of Pakistan's inclusion on FATF watch list

... the introduction of this new 'nomination' procedure, which is unprecedented and in clear violation of established rules/practices of FATF,” he said. “Most of the concerns raised by the US side regarding deficiencies in our CFT (combating financing of terrorism) and AML (anti-money laundering) regime ...
Posted: February 23, 2018, 4:30 pm

Pakistan Says It Dodged US Efforts To Put It On A Terror-Finance List

Then, Trump accused Pakistan of offering “safe haven to agents of chaos, violence and terror.” Trump's first tweet of the New Year criticized Pakistan for giving the United States what he called “nothing but lies & deceit.” Days later, Washington announced it was suspending most of its military aid to ...
Posted: February 23, 2018, 3:56 pm

Global watchdog FATF to put Pakistan on 'grey list' for terror financing: Reports

In a likely blow to its economy and strained relations with the United States, Pakistan will be placed back onto an international terror funding watchlist from ... The Financial Action Task Force (FATF) has decided to place Pakistan on its terrorist-financing 'grey list', news agency Reuters reported, citing an ...
Posted: February 23, 2018, 3:56 pm

United Nations Counter-Terrorism Centre (UNCCT) was launched in 2011 with the donation of US $10 million by Saudi Arabia. The initiative for this center was conceived in 2005, when King Abdullah held the Counter-Terrorism International Conference in Riyadh, Saudi Arabia. In 2013 Saudi Arabia made another donation of US $ 100 million to the Centre. UNCCT operates under United Nations Secretary-General and the umbrella of the Department of Political Affairs. The Centre engages with over 30 CTITF entities with expertise on a wide spectrum of counter terrorism related subjects. The entities are:
United Nations System in Counter-Terrorism Efforts Organigram
Counter-terrorism Committee Executive Directorate (CTED)
Department of Peacekeeping Operations (DPKO)
Department of Political Affairs (DPA)
Department of Public Information (DPI)
Department of Safety and Security (DSS)
Group of Experts of 1540 Committee
International Atomic Energy Agency (IAEA)
International Civil Aviation Organization (ICAO)
International Maritime Organization (IMO)
International Monetary Fund (IMF)
International Criminal Police Organization (INTERPOL)
Monitoring Team of 1267 Committee
Office for Disarmament Affairs (ODA)
Office of the High Commissioner for Human Rights (OHCHR)
Office of Legal Affairs (OLA)
Office of the Secretary-General (OSG)
Organization for the Prohibition of Chemical Weapons (OPCW)
Special Rapporteur on the promotion and protection of human rights while countering terrorism
United Nations Development Programme (UNDP)
United Nations Educational, Scientific and Cultural Organization (UNESCO)
United Nations Interregional Crime and Justice Research Institute (UNICRI)
United Nations Office on Drugs and Crime (UNODC)
World Customs Organization (WCO)
World Bank
World Health Organization (WHO)

Observer Entities include:
International Organization for Migration (IOM)
Office of the Coordinator for Humanitarian Affairs (OCHA)
United Nations Department for Economic and Social Affairs (DESA)
United Nations Office of the Special Adviser on Africa (UNOSAA)
United Nations High Commissioner for Refugees (UNHCR)
United Nations Alliance of Civilizations

The Counter-Terrorism Implementation Task Force (CTITF) of the UN, established by the Secretary-General in 2005 and endorsed by the General Assembly through the United Nations Global Counter-Terrorism Strategy, was adopted by consensus in 2006. The mandate of the CTITF is to enhance coordination and coherence of counter-terrorism efforts of the United Nations system. The Task Force consists of 31 international entities which by virtue of their work have, have a stake in multilateral counter-terrorism efforts. Each entity makes contributions consistent with its own mandate.

Working Group on Tackling Financing of Terrorism
The Working Group examines the various components of action taken to counter the financing of terrorism and makes proposals aimed at increasing the effectiveness of the implementation of international standards, including the Financial Action Task Force (FATF) Special Recommendations.

United Nations Global Counter-Terrorism Strategy:

Section II, paragraph 10: “To encourage States to implement the comprehensive international standards embodied in the Forty Recommendations on Money-Laundering and Nine Special Recommendations on Terrorist Financing of the Financial Action Task Force, recognizing that States may require assistance in implementing them;”

Section III, paragraph 8: “To encourage the International Monetary Fund, the World Bank, the United Nations Office on Drugs and Crime and the International Criminal Police Organization to enhance cooperation with States to help them to comply fully with international norms and obligations to combat money-laundering and the financing of terrorism.”

Entities key in this Working Group are:
International Monetary Fund (IMF) (lead)
United Nations Office on Drugs and Crime (UNODC) (lead)
World Bank (lead)
1267 Monitoring Team
Counter-terrorism Committee Executive Directorate (CTED)
CTITF Office
International Criminal Police Organization (INTERPOL)

UN Security Council Resolution 1373, Combating Terrorism