YouSaid · the spoken record

Billingslea

lines on the record
12
first
2019-03-28
most recent
2019-03-28
sittings or episodes
1
sources
un-security-council

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  1. “A number of FATF member nations, including my own, the United Kingdom and others, have put in place legal frameworks that foster the sharing of specific-threat information with and by financial institutions. We would encourage nations to consider additional ways that we can work closely with our financial sector. I congratulate the French Republic on its leadership on this matter, on the adoption ofresolution 2462 (2019). This vital resolution prompts all nations to "up their game" in countering the terrorist-financing business. We will continue to use our assessment processes to reinforce the critical work that the Security Council is now undertaking.”

    2019-03-28 · UN Security Council · Security Council, S/PV.8496 (2019) · source

  2. “Finally, in conclusion, we need to bolster inter-Agency coordination and information-sharing, much as the Under-Secretary-General has mentioned, both among and within States. States need to need to exchange more information among all relevant authorities, such as financial-intelligence units, law enforcement and intelligence services. We also need to work very closely with the private sector. New developments in public-private partnerships give significant benefits in terms of greater and faster access to information. Large banks often have access to significant amounts of data that can assist in countering these terror operations. Likewise, Governments need to provide relevant information to financial institutions in return.”

    2019-03-28 · UN Security Council · Security Council, S/PV.8496 (2019) · source

  3. “We are using the evaluation and follow-up process to strengthen prosecution efforts, and under my presidency of the FATF, we have driven capacity-building workshops, most recently in the State of Israel. I am pleased that all five permanent members of the Security Council, including some individuals present here today, participated in the workshop that took place last week. But I must underline that fewer than one fifth of the countries around the world that we have assessed to date are effectively applying the targeted financial sanctions and prosecutions that are necessary in line with the resolution just adopted. More is urgently needed by all States Members of the United Nations, and we in the FATF will continue to support the work done at the Security Council and to drive adoption of and adherence to FATF standards.”

    2019-03-28 · UN Security Council · Security Council, S/PV.8496 (2019) · source

  4. “The resolution also includes an important focus on the adequate criminalization and effective prosecution of terrorist financing. We must criminalize not only financing that is itself linked to a particular terrorist act, but also the provision of funds to terrorist groups or terrorists for any purpose, whether it be for their travel or their general operations. Under France's leadership, the resolution brings United Nations obligations into line with FATF recommendation 5 and the FATF guidance on this matter. Through our assessments, we will continue to encourage more than 50 countries to pass new legislation to counter terrorist financing. More is urgently needed. Nearly two thirds of our FATF assessments around the world show that States are not effectively prosecuting terrorist financing.”

    2019-03-28 · UN Security Council · Security Council, S/PV.8496 (2019) · source

  5. “The resolution rightly prompts all States to do their necessary part in breaking the vicious cycle and to prevent payments that fund terrorist operations associated with kidnapping, and further recognizes that payment of ransoms incentivizes additional crimes. States must not allow hostage-takers and terrorists to benefit from ransom payments. That is crucial, particularly as kidnapping for ransom has become the major funding source used by the remnants of Da'esh around the world. More broadly, States need to address the underlying contextual issues that create environments conducive to terrorism and terrorist financing. Corruption or weak and ineffective governance and a lack of respect for the rule of law are problems that lead to regional instability and render economies vulnerable to terrorist exploitation.”

    2019-03-28 · UN Security Council · Security Council, S/PV.8496 (2019) · source

  6. “States need to identify all sectors - including those of non-financial services such as construction, commodities and pharmaceutical trafficking and others - that are being exploited for terrorist purposes. For example, the typology reports that our member nations compile reveal multiple different methods of terrorist financing that rely on disparate schemes of drug trafficking and even the used-car trade. Groups such as Hizbullah, the Fuerzas Armadas Revolucionarias de Colombia and Al-Qaida in the Islamic Maghreb have all benefitted from intermingling funds from criminal and otherwise legal trade for the purpose of funding terrorist attacks. FATF reports also identify - and the resolution adopted today further amplifies - the use of kidnapping for ransom as a prominent and sometimes even primary source of terrorist revenue.”

    2019-03-28 · UN Security Council · Security Council, S/PV.8496 (2019) · source

  7. “I appreciate the invaluable information that the Under-Secretary- General and his Office provide, as well as the reports of the Analytical Support and Sanctions Monitoring Team of the Committee pursuant to resolutions 1267 (1999) 1989 (2011) and 2253 (2015) concerning ISIL (Da'esh) Al-Qaida and associated individuals groups undertakings and entities. We also prepare confidential reports on ISIL and Al-Qaida funding sources and methods, as well as counter-measures that may be adopted. We work, through the mutual evaluation process, to ensure that all countries are accurately assessing their financing risks and adequately and effectively responding to those risks. We should all recognize that terrorist financing risks extend well beyond the banking and financial sectors.”

    2019-03-28 · UN Security Council · Security Council, S/PV.8496 (2019) · source

  8. “I was particularly pleased to see that the resolution highlights the progress that the FATF has made on the first priority, welcoming the recent work to amend our standards and to adopt an interpretive note that clarifies how all nations must regulate and supervise activities and providers of virtual assets, and the importance of the effective prosecution of terrorist financing. Additionally, as the resolution conveys, it is critical for all States to recognize where they may be vulnerable to terrorist financing and then use that understanding to mitigate those risks properly.”

    2019-03-28 · UN Security Council · Security Council, S/PV.8496 (2019) · source

  9. “As the FATF moves towards its thirtieth anniversary in the coming days, we have focused our presidency on pressing for action on three crucial challenges. Specifically, we are prioritizing efforts, first, to address the illicit financing risks associated with virtual currencies and related assets; secondly, to take further action to strengthen international efforts to combat the financing of terrorism; and thirdly, to enhance our work in proliferation financing matters.”

    2019-03-28 · UN Security Council · Security Council, S/PV.8496 (2019) · source

  10. “The FATF was founded in 1989 by the Group of Seven to combat money-laundering by drug trafficking and organized crime networks, and we have since expanded our focus to counter both terrorist financing and the financing of the proliferation of weapons of mass destruction (WMDs). Now, more than 190 member jurisdictions of the FATF and the Global Network of Counter-Terrorism Centres have committed to implementing and being evaluated for compliance with those standards, which include specific requirements to give effect to Security Council resolutions, including the one just adopted, to counter the aforementioned threats. In this way, the FATF and the Security Council work hand in hand to strengthen Member States' response to these critical threats to international peace and security.”

    2019-03-28 · UN Security Council · Security Council, S/PV.8496 (2019) · source

  11. “Terrorist groups, such as the Islamic State in Iraq and the Levant (ISIL), Al-Qaida and their affiliates continue to obtain funding from a wide range of sources; they use this funding to conduct terrorist attacks, but they also use it to maintain and grow their terrorist organizations as a whole. Combatting all these aspects of terrorist financing is top priority shared by the Security Council and the Financial Action Task Force. I am pleased that the resolution recognizes the FATF's central role in setting global standards to combat money-laundering, terrorist financing and proliferation financing.”

    2019-03-28 · UN Security Council · Security Council, S/PV.8496 (2019) · source

  12. “Mr. Billingslea: First, I thank France for its leadership on the critical issue of countering terrorist financing. As the Under-Secretary-General just mentioned, resolution 2462 (2019), which was just adopted, meaningfully advances the work of President Macron's high-level International Conference on Combating the Financing of Da'esh and Al-Qaida, held in Paris last year on the theme "No money for terror", in which you, Sir, played a key role. We look forward to this year's follow-up conference in Australia, and thank you for inviting the Financial Action Task Force (FATF) to speak at the adoption of resolution 2462 (2019). Terrorism remains a threat to international peace and security from which no region is immune.”

    2019-03-28 · UN Security Council · Security Council, S/PV.8496 (2019) · source