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Over 70 countries pledge to combat terror financing

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PARIS: More than 70 countries committed to bolster efforts in the fight against terrorism financing associated with the militant Islamic State group and Al Qaeda.

Participants at an international conference in Paris agreed to “fully criminalise” terror financing through effective and proportionate sanctions “even in the absence of a link to a specific terrorist act.” The two-day event was convened by French President Emmanuel Macron to coordinate efforts to reduce the terror threat in the long-term.

US Treasury Secretary Steven Mnuchin, IMF chief Christine Lagarde, Saudi Foreign Minister Adel Al-Jubeir and Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani were all present.

 

Macron, who has returned to France from a state visit to the United States, is expected to close the conference later with a call for the necessity for multilateral action.

Daniel Lewis, executive secretary of the intergovernmental Financial Action Task Force, said he is hoping that words will be put into action.

“When we have information for example the UN list of individuals and entities financing terrorism we need to make sure measures like asset freezing are implemented fully and quickly,” Lewis said.

Participants called for better information-sharing between intelligence services, law enforcement, financial businesses and the technology industry. They also agreed to improve the traceability of funds going to non-governmental organisations and charity associations.

Participants included countries that have accused each other of funding terrorism, notably in the Persian Gulf.

France has pushed for international coordination and more transparency in financial transactions. But it has recognised how sensitive the issue is, and saw the conference as a first step for coordinated action.

The French organisers noted that IS military defeats on the ground have not prevented the group from pursuing its terrorist activities, along with Al Qaeda especially in unstable regions of Afghanistan, Malaysia, the Philippines, Yemen, Egypt and sub-Saharan Africa.

Terror groups don’t only rely on the cash economy they’re using increasingly hard-to-track tools like prepaid cards, online wallets and crowdfunding operations.

The IS group has also invested in businesses and real estate to ensure its financing. IS revenues alone were estimated at $2.5 billion between 2014 and 2016, according to the French president’s office.

Though most of the attacks in Western countries do not cost a lot of money, a French official said terror groups “behave like big organisations” in that it “costs a lot to recruit, train, equip people and spread propaganda.” The official was speaking anonymously under the presidency’s customary practice.


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Pakistan among the few countries to successfully turn tide against terrorism: Imran

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Islamabad: Pakistan Prime Minister Imran Khan said that the country condemned terrorism in all its forms and manifestations, including state-terrorism against people under illegal occupation. The PM stated that Pakistan is “among the few countries to have successfully turned the tide against terrorism”.

Addressing the 19th Shanghai Cooperation Organisation (SCO) Summit at Bishkek, the capital of Kyrgyzstan, Khan reiterated that Pakistan is ready to share its experience and expertise in counter-terrorism. He added that growing intolerance and Islamophobia are threatening to accentuate religious fault-lines. He further said that Pakistan will remain actively engaged in SCO’s counter-terrorism initiatives.

Speaking on Afghanistan, PM Khan said that “the conflict in Afghanistan has no military solution”, adding that Pakistan is fully supporting efforts for “peace and reconciliation, through an Afghan-led and Afghan-owned process”.

 

“Excellencies, The world stands at a crossroads. For the first time in ages, we are seeing the advent of a multi-polar global order. Epicentres of economic power and growth momentum are shifting eastwards. Regional integration is speeding up. Disruptive technologies are maturing. Threats from terrorism to climate change to narcotics to bacterial resistance continue to loom large,” said PM Khan.

“There are increasing barriers to open trade and innovation. Meanwhile, growing intolerance and Islamophobia are threatening to accentuate religious fault-lines. For its part, Pakistan condemns terrorism in all its forms and manifestations, including State-terrorism against people under illegal occupation. We are among the few countries to have successfully turned the tide against terrorism,” added the Pakistan PM.

“Pakistan remains ready to share its experience and expertise in counter-terrorism. We will also remain actively engaged in SCO’s counter-terrorism initiatives. Excellencies, There is finally a realization that the conflict in Afghanistan has no military solution. Pakistan is fully supporting efforts for peace and reconciliation, through an Afghan-led and Afghan-owned process,” further said Pakistan PM Khan.

Earlier in the day, Prime Minister Narendra Modi had reiterated India’s strong stand against terrorism and appealed that countries supporting, aiding and funding terrorism must be held accountable. PM Modi highlighted the spirit and ideals of SCO to strengthen cooperation in the fight against terrorism even as Khan looked on.

Without naming Pakistan, a country that has made state-sponsored terrorism its biggest policy to counter India for the last several decades, PM Modi said every country needs to come together, unite and fight against the scourge.

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Putin says Russia will fight for the right of Palestinians to their own state

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Moscow: Vladimir Putin has said Russia will fight for an independent Palestinian state, and called for the issues of the Middle East to be resolved through peaceful means.

Despite international criticism over Russia’s own role in the Ukrainian crisis, Mr Putin was hailed last week by a St Petersburg Cossack group for his ability to “bring order and stop wars”.

In an address to the Arab League summit in Egypt on Saturday, Putin spoke against foreign intervention in countries’ internal disputes and spoke of the role Russia can play in diplomatic channels.

 

While Russia openly opposes the stance of US-backed Israel on the Gaza crisis, its position in the Middle East is complicated. Putin is one of Iran’s key allies, but as he spoke on Saturday the core nations of the Arab League engaged in air strikes on the Iranian-backed Houthi rebels in Yemen.

His attempts to urge a peaceful solution in Yemen haven’t had much of an immediate impact – on Sunday, the Arab League agreed to the creation of a joint military forces comprised of around 40,000 elite troops to resolve the future “challenges” of the Middle East.

As one of the “Quartet” entities involved in Middle East peace negotiations, Russia has played a key role in talks about the fallout of last year’s Gaza crisis.

He told the summit this weekend: “Palestinians have the right to establish an independent and habitable state with a capital in East Jerusalem.

“Russia will continue to contribute to achieving this goal through bilateral and multilateral channels,” he said.

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Trump claims Queen had fun with him during his UK visit

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Washington: US President Donald Trump claimed that Britains Queen Elizabeth II had more fun during his state visit to the UK than in the last 25 years."I have such a great relationship, and we were laughing and having fun. And her people said she hasnt had so much fun in 25 years. Then I got criticized for it because they said we were having too much fun,” the Hill quoted Trump as saying.

Trump`s comments come two weeks after his first state visit to London to meet the 93-year-old monarch. During his three-day visit, the president dined with the Queen, members of the British royal family and other British politicians at Buckingham Palace.

Trump and the queen reaffirmed the importance of the Washington-London relationship during an elaborate state banquet.”On behalf of all Americans I offer a toast to the eternal friendship of our people, the vitality of our nations and to the long cherished and truly remarkable reign of her majesty, the queen,” Trump said in his toast during the event.

 

He also met Prime Minister Theresa May. Opposing Trumps visit, thousands of people hit the streets. TheTrump Baby` blimp was flown by the demonstrators outside the Houses of Parliament, according to CNN, alongside a 16-foot robot version of Trump sitting on the toilet and tweeting.

Other activists came dressed as gorillas, with signs reading that they “only eat chlorinated chicken” — a nod to concerns in Britain that a post-Brexit trade deal with the US would mean a decline in food standards for imported produce.

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