Assistant Secretary for Terrorist Financing in the United States Department of the Treasury Marshall Billingslea attends a meeting in Beirut, Tuesday, Jan. 23, 2018. (The Daily Star/Hasan Shaaban)
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The U.N. Security Council ordered countries worldwide to step up the fight against terrorism financing Thursday by ensuring they have laws that make it a serious crime to fund terrorist acts.The council unanimously adopted a French-drafted resolution that was the first stand-alone measure dedicated specifically to countering the financing of terrorism.U.N. counterterror chief Vladimir Voronkov told the council that the measure "comes at a critical time" as recent attacks have shown that terror groups have access to financial flows through legal and illegal means.The resolution urged countries to establish financial intelligence units to strengthen efforts to track terrorism financing and to share information on their investigations.The resolution will help the FATF ratchet pressure on more than 50 countries to pass new legislation on countering terror financing.
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