RUSI NewsbriefVOLUME 40ISSUE 8members only

Thawing Out Asset Freezes: Reforming Exemptions to UN Terrorism Sanctions


Main Image Credit Courtesy of Neptuul/Wikimedia Commons


Media claims got it wrong when they reported that the 1267 sanctions committee of the UN Security Council had authorised the unfreezing of bank accounts belonging to several high-profile Lashkar-e-Taiba terrorists. But the story reveals how humanitarian exemptions to UN asset freezes lack transparency and effectiveness in countering terrorism financing.

In the world of counterterrorism financing (CTF), all eyes have been on Pakistan for several months now. Islamabad had its place on the dreaded ‘grey list’ of the Financial Action Task Force (FATF), the global standard-setter on anti-money laundering and CTF, reviewed in February. Unsatisfied with the progress made, Pakistan was given more time (until June) to complete all items on its action plan to address ‘strategic counter-terrorist financing-related deficiencies’. June

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WRITTEN BY

Stephen Reimer

Research Fellow

Centre for Financial Crime and Security Studies

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