At Security Council, Egypt stresses need to combat financing of terrorism

Egypt participated in the unofficial Security Council meeting organized by France on avoiding and combating the financing terrorism. In his statement at the meeting, Egypt’s Permanent Representative at the United Nations in New York, Ambassador Mohamed Idris, emphasized the priority of combating the financing of terrorism in the framework of counterterrorism efforts, as financing is the main tool that enables terrorist elements and groups to continue their terrorist crimes.

Ambassador Idris mentioned that ensuring the effectiveness of counterterrorism requires a need to comprehensively and indiscriminately confront all terrorist organizations, not reduce confrontation to one or two organizations; especially, in light of a single intellectual umbrella uniting these organizations regardless of labels given their adherence to the same extremist, takfiri, and terrorist inciting ideology. He added that combating the financing of terrorism requires the need to deal seriously and firmly with states and entities that use some non-governmental organizations, civil society and charity organizations, and relief organizations as fronts to collect donations for terrorist purposes. This comes in accordance with Security Council Resolutions No. 1373 and No. 2368.

Ambassador Idris explained that it is necessary to reinforce cooperation on national, regional, and international levels with the aim of implementing effective and innovative measures to keep up with the development in the quality of advanced means now used by terrorist organizations to finance terrorism, in light of the noticeable increase in terrorist organizations relying on virtual and crypto-currency. He called upon the United Nations and its various bodies; especially, the Counter-Terrorism Center, to reinforce and intensify their efforts to support member states in building their capacities in relation to preventing and combating the financing of terrorism.

The Permanent Representative surveyed Egyptian national efforts in combating terrorism funding. In this regard, he noted Egypt’s ratification of a number of related international and regional agreements, including the 1999 International Convention for the Suppression of the Financing of Terrorism signed in New York, the International Convention Against the Taking of Hostages adopted by the United Nations in 1979, in addition to the 2010 Arab Convention for Combating Money Laundering and Terrorism Financing signed in Cairo. Ambassador Idris stressed Egypt’s commitment to practically implementing all Security Council resolutions and international agreements related to combating the financing of terrorism. He added that Egypt has issues a number of laws related to these issues, including Law No. 80 for the year 2002 regarding combating money laundering, which was amended by Law No. 36 for the year 2014 according to which a unit for combatting money laundering and terrorism financing was established. The Ambassador, further, surveyed tasks undertaken by the unit and the success it achieved in this regard, which was commended by many international organizations of relation.

On February 2, Foreign Minister Sameh Shoukry met the UN Secretary General’s Special Representative in Libya Ghassan Salame during his current visit to Cairo. They met to discuss the latest developments on the Libyan stage, and to exchange views on means to advance the political process, in addition to counter-terrorism efforts to regain security and stability across the country.

Source: State Information Service Egypt