Which is the UN treaty deals with Terrorism and Terrorist Financing?

The following are the UN terrorism-related treaties:

  • 1963 Convention on Offences and certain other Acts Committed on Board Aircraft
  • 1970 Convention for the Suppression of Unlawful Seizure of Aircraft
  • 1971 Convention for the Suppression of Unlawful Acts against the Safety of Civil Aviation
  • 1973 Convention on the Prevention and Punishment of Crimes Against Internationally Protected Person including Diplomatic Agents
  • 1979 International Convention against the taking of Hostages
  • 1980 Convention on the Physical Protection of Nuclear Material
  • 1988 Convention for the Suppression of Unlawful Acts against the Safety of Maritime Navigation
  • 1988 Protocol for the Suppression of Unlawful Acts of Violence at Airports Serving International Civil Aviation, supplementary to the Convention for the Suppression of Unlawful Acts against the Safety of Civil Aviation
  • 1988 Protocol for the Suppression of Unlawful Acts against the Safety of Fixed Platforms Located on the Continental Shelf
  • 1991 Convention on the Making of Plastic Explosives for the purpose of Detection
  • 1997 International Convention for the Suppression of Terrorist Bombings
  • 1999 International Convention for the Suppression of the Financing of Terrorism. Now, it is referring to as the 1999 Terrorist Financing Convention
  • 2005 Protocol to the convention for the Suppression of the Unlawful Acts against the Safety of Maritime Navigation
  • 2005 International Convention for the Suppression of Acts of Nuclear Terrorism
  • 2005 Amendments to the Convention on the Physical Protection of Nuclear Material

See Chapter 1.4, Pillar of Treaties, First Edition, Money Laundering – A Handbook for CDD Compliance.

What Terrorist Want?

From research, it appears that terrorist are going after social and economic unfairness, taking inspiration from religious beliefs and spiritual principles, and of political aim

See Chapter 6.4, What Terrorist Want, First Edition, Money Laundering – A Handbook for CDD Compliance.

How Terrorist obtain Financing?

Example of known or reported financing for a terrorist is a donation from the public, a supporter, a charitable organisation or cross-border financing from another country.

Why IS became popular and how IS sustained their operation?

Since 2013, the Jihadist group, Islamic State (“IS”) became famous after capturing vast territory in Iraq and Syria.  Subsequently, IS merged forces with other forces in Iraq and Syria and created the Islamic State in Iraq and Levant (“ISIL”) otherwise known as the Islamic State of Iraq and Syria (“ISIS”).

Islamic State is wealthy, and by the report, the sources of revenue for IS are:

  • Bank looting
  • Oil revenue
  • Taxation and extortion
  • Illegal drug trading
  • Sale of antiques and artefacts
  • Agriculture
  • Donations

See Chapter 6.5, Terrorist Financing, First Edition, Money Laundering – A Handbook for CDD Compliance

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Categories: UNODC, UNCAC, FATF, AML/CFT Compliance, Terrorist Financing, Terrorism