Islamic State: Finance
(asked on 14th December 2015) - View Source
Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign and Commonwealth Affairs, pursuant to the Answer of 10 December 2015 to Question 18970, what measures are being taken to prevent Daesh from receiving donations from individuals or other actors.
This question was answered on 18th December 2015
The UK has led efforts to create and enforce an international sanctions regime to cut off financial support for Daesh, underpinned by UN Security Council Resolutions (such as 1267, 2170 and 2199). As members of the Global Coalition’s Counter ISIL Finance Group, we are actively involved in identifying companies and individuals that breach the sanctions regime. UK law enforcement agencies have a well established and sophisticated system for investigating and shutting off sources of finance for terrorists, including Daesh, working with the finance sector to stop funds going from individuals to Daesh through the banking system. We are also working to close down Daesh’s ability to trade outside the formal financial system, cutting their access to black market trading and alternative international flows of money. The UK Government has robust processes in place, working closely with the charity sector to ensure that illegal charities do not fund Daesh and that NGO’s do not inadvertently do so, and also cooperating with the private sector to stop terrorist-related money laundering.
The UK has led efforts to create and enforce an international sanctions regime to cut off financial support for Daesh, underpinned by UN Security Council Resolutions (such as 1267, 2170 and 2199). As members of the Global Coalition’s Counter ISIL Finance Group, we are actively involved in identifying companies and individuals that breach the sanctions regime. UK law enforcement agencies have a well established and sophisticated system for investigating and shutting off sources of finance for terrorists, including Daesh, working with the finance sector to stop funds going from individuals to Daesh through the banking system. We are also working to close down Daesh’s ability to trade outside the formal financial system, cutting their access to black market trading and alternative international flows of money. The UK Government has robust processes in place, working closely with the charity sector to ensure that illegal charities do not fund Daesh and that NGO’s do not inadvertently do so, and also cooperating with the private sector to stop terrorist-related money laundering.