By admin March 20, 2019 13:28

The Big Picture – United Against Terror Funding The Enforcement Directorate said it has attached over a dozen assets in Jammu and Kashmir in a terror financing case against Pakistan-based terrorist and chief of the globally banned Hizbul Mujahideen, Syed Salahuddin. The central probe agency issued a provisional order under the Prevention of Money Laundering Act (PMLA) to attach 13 properties, worth Rs 1.22 crore, in the state. Meanwhile, Germany has initiated a move at the European Union to designate Jaish-e-Mohammed chief Masood Azhar as a global terrorist; days after China blocked a bid at the United Nations to ban him. Media reports claimed Germany was in touch with several member nations of the European Union for listing Azhar as a terrorist which will result in his travel ban as well as freezing of his assets in the 28 countries of the bloc. On March 15, France imposed financial sanctions on Azhar and said it will work with its European partners for putting the JeM chief's name on the EU list of persons and entities involved in terrorist acts. On this edition of the big picture we will analyse what is being done to deal with the issue of terror funding. How important is terror funding?

  • Finance lies at the root of all terrorism.
  • One of the major reasons for survival of terrorism is the funding that it gets.
  • So, the concerted efforts by Western nations like France and Germany with the other European nations to freeze the assets of the terrorist groups will have a fair impact on the terror groups.
  • However, China remains a deterrent to all efforts as it still does not seem to be convinced of Masood Azhar’s connection to terrorism though the group founded by him has been listed under 1267 committee with the consent of China.

What are the main channels for terror funding?

  • The Western diaspora is one of the major sources of funds to terrorist groups. The funds from the West reach the terror groups in Pakistan and elsewhere through hawala routes.
  • Banking channels are the next major route to finance terrorism which are done through shell companies
  • Charities form the next major source of funding where individuals contribute a part called zakat.

Why is an action being taken now?

  • Countries around the world have borne the brunt of terrorism for quite a long time.
  • But the soft policy of all the nations has made terrorism grow to unprecedented levels where it has started posing a threat to all nations.
  • Post the Pulwama attacks, India has diplomatically pursued the matter of terrorism with all the countries.
  • The success of India’s negotiations have borne fruits which is seen in the way western nations stand united to fight against terrorism.
  • It was also evident in the UNSC where 14 out of 15 UNSC members supported India’s bid to list Masood Azhar.

Is the time rife for defining terrorism?

  • Terrorism has not been defined anywhere in the world though many countries have suffered in its name.
  • China’s position
  • China considers Pakistan as its all weather friend.
  • Pakistan is strategic to China as it provides access to China to the Indian Ocean through Pakistan.
  • The China Pakistan Economic Corridor which is part of the Belt and Road initiative is the major collaboration between the two countries.
  • India has been able to isolate China recently on the Pulwama terrorist attacks.
  • While China holds fast to Pakistan, it wants to prove that it is not against terrorism. So China had issued a White paper recently stating 26/11 attacks was one the worst forms of terrorism

What can be done?

  • Terrorist organisations can be choked only by freezing the funding they get from around the world. It cannot be done by a single country but requires a global effort which can strangulate it from all sides.
  • India should develop coalition of countries that are like minded and willing to work with India in strangulating terrorism.
  • India has rightly done in developing bilateral relations with countries in the Middle East and the West.
By admin March 20, 2019 13:28