UN Security Council has unanimously adopted a resolution to cut off all sources of funding to ISIS and Al-Qaeda with finance ministers from the member nations vowing to ramp up sanctions against the terror groups.
In the resolution adopted here yesterday at the first-ever meeting of finance ministers, the 15-member body called for enhanced actions, from closing financial system loopholes to stopping the abuse of charitable causes, as well as updating the existing ISIS and Al-Qaeda Sanctions List.
At the session presided over by American Treasury Secretary Jack Lew under US’ monthly presidency, the Council stressed that already existing resolutions mandating nations to ensure that financial assets are not transferred to terrorists by persons within their territory “shall also apply to the payment of ransoms to individuals, groups, undertakings or entities on the ISIS and Al-Qaeda Sanctions List regardless of how or by whom the ransom is paid.”........................................
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