12.1 prevent or stop, in any way
possible, all financial sources, techniques and channels supporting Daesh
and other terrorist organisations, including extortion, taxation,
exploitation of natural resources, smuggling of antiquities, drug
trafficking, bank looting, looting of civilians and cultural property,
external donations and kidnapping for ransom;
12.2 continue to promote and support research on the sources
and channels of funding of terrorism, in order to remain up to date
on new alternative sources of financing, such as virtual currencies;
12.3 engage in and develop collaboration and co-operation efforts
across borders and with international bodies and institutions in
order to promote a more transparent, efficient and rapid exchange of
information and intelligence;
12.4 intensify capacity building and technical assistance in
relation to terrorism financing hotspots, as set out in the Action
Plan on Countering Terrorism drafted by the G20 member States;
12.5 reaffirm the need to build local capability to investigate
and counter terrorist financing, including corruption;
12.6 study and develop new technologies, in order to better
track, monitor and eventually shut down channels of terrorist financing,
and assess whether virtual and crypto currencies and block chain
and financial technologies (fintech) help to fund terrorism and
should be regulated in a co-ordinated way;
12.7 improve the effective implementation of the international
standards of transparency, as set out in the United Nations and
FATF recommendations;
12.8 sign and ratify, if they have not already done so, the
Council of Europe Convention on Laundering, Search, Seizure and
Confiscation of the Proceeds from Crime and on the Financing of Terrorism
(CETS No. 198). It notes in this respect that Andorra, the Czech
Republic, Ireland, Liechtenstein, Norway and Switzerland have not
signed it, while Austria, Estonia, Finland, Iceland, Lithuania,
Luxembourg and Monaco have signed but not ratified it;
12.9 adopt such initiatives as the United Kingdom’s Joint Money
Laundering Intelligence Taskforce to facilitate greater intelligence
sharing on terrorist financing;
12.10 develop, following the example of France, updated national
guidelines, based on international standards, providing concrete
advice to businesses and people whose sectors have been listed among the
sources of Daesh’s financing;
12.11 consider banning new business relationships with banks
in Syria. Due diligence is needed concerning financial transfers
and transactions in Iraq, Syria and Libya, as well as in the border
regions of these countries;
12.12 oblige banks to monitor prepaid debit cards, so as to
ensure that they can only be reloaded via bank transfers and personally
identifiable accounts;
12.13 establish a second layer of security that vets the names
of clans/tribes at airports or land borders, taking into account
the increasing number of refugees and diaspora in Europe from Syria
and North Africa;
12.14 work across government departments and agencies to better
co-ordinate action against the funding of terrorism;
12.15 pay close attention to the ability of lone-wolf operatives,
inspired by extreme ideological beliefs, to raise money by, for
example, using welfare payments or prepaid debit cards to undertake
acts of terrorism.
