(Video) Rajya Sabha TV (RSTV) The Big Picture: Crackdown on Terror Funding

Topic: Crackdown on Terror Funding

Guest:

Maj Gen (Retd., Ravi Arora, Chief Editor, Indian Military Review)
Alok Bansal, (Director, India Foundation)
Prabhu Dayal, (Former Ambassador)

Topic Description:

The UN Security Council has ordered countries to step up the fight against terror financing by ensuring they have laws to make it a serious crime. Unanimously adopting the French-drafted resolution, it called on nations to "ensure that their domestic laws and regulations establish serious criminal offenses" to prosecute those who collect funds or provide economic resources to terror organisations or terrorists. The resolution, which can be enforced with sanctions, also urges countries to establish financial intelligence units to strengthen efforts to track terrorism financing and to share information on their investigations. The binding resolution was drafted under chapter 7 of the UN Charter, which means it can be enforced with sanctions. This is the first standalone measure dedicated specifically to countering the financing of terrorism. India, which has been pushing for action against countries that support terror in its offensive against Pakistan, welcomed the move but said effective implementation was key. On this edition of the big picture we will analyse the latest step to crackdown on terror funding.