Deputy Secretary-General Jan Eliasson Tuesday stressed the importance of global efforts to cut off funding for terrorism while upholding United Nations values, including respect for human rights and the rule of law.
"If they are prevented from getting funds, their capacity to carry out attacks is severely curtailed," Eliasson said, as he delivered remarks on behalf of Secretary-General Ban Ki-moon to a special meeting of the Security Council's Counter-Terrorism Committee (CTC).
Eliasson noted that terrorist operations need funding not just to buy weapons and materials to make horrific explosive devices. "They need it to support their networks; to recruit personnel; to travel and communicate with each other; and to conduct training and reconnaissance," he said.
The meeting, held at UN Headquarters in New York, is designed to assess current trends and challenges in countering terrorist financing and the need for a global approach.
The prevention and suppression of financing terrorism is one of the core requirements of resolution 1373, which the Council adopted in the wake of the 11 September 2001 terrorist attacks in the United States. The resolution called for all countries to criminalize terrorism, to deny terrorists access to financial resources, and to prevent terrorists from crossing borders, among other measures. It also set up the CTC, which is made up of Council members and tasked with monitoring and analyzing the information provided on counter-terrorism efforts by Member States.