Security Council Adopts Binding Resolution on Financing of Terrorism

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Saturday, April 6, 2019
Michael Plachta

On March 28, 2019, the UN Security Council adopted Resolution 2462 in an effort to counter the financing of terrorism while avoiding unintended consequences for humanitarian activities in areas under the control of terrorist groups. The Security Council called upon Member States to step up efforts to combat and criminalize the financing of terrorists and their activities, adopting a resolution on the issue before holding a day-long open debate that placed the spotlight on international cooperation, capacity-building, and respect for international law. Unanimously adopting resolution 2462 (2019) under Chapter VII of the United Nations Charter, the Council reaffirmed its resolution 1373 (2001) — adopted in the wake of the September 11, 2001 attacks in the United States — which requires all States to prevent and suppress the financing of terrorist acts and to refrain from providing support to those involved in them. Adopted in 2001, resolution 1373 was the first comprehensive resolution imposing obligations on all states to respond to the global threat of terrorism. Resolution 1373 requires that states criminalize terrorist acts, penalize acts of support for or in preparation of terrorist offences, criminalize the financing of terrorism, freeze the funds of persons who commit or attempt to commit terrorist acts, and strengthen international cooperation in criminal matters related to terrorism.