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All nations must prevent financing of terror groups: BRICS

The BRICS nations, that met in Japan on the sidelines of the G-20 meet, reiterated that all countries must prevent financing of terrorists organisations. The also issued a joint statement in this regard saying they are committed to "fight the exploitation" of the internet for terror acts.

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Published : Jun 28, 2019, 12:31 PM IST

BRICS

Osaka: Condemning terrorist activities across the globe, the BRICS nations have reiterated that all countries must work to prevent financing of terrorist networks and their actions from anywhere in the world.

In a joint statement that was issued after an informal meeting on the sidelines of G-20 Summit here, leaders of Brazil, Russia, India, China, and South Africa reiterated their commitment to "fight the exploitation" of the internet for terrorist purposes.

"We strongly condemn terrorist attacks, including against BRICS countries, in all forms and manifestations, wherever and by whom so ever committed," the statement said without naming any country.

"We reiterate that it is the responsibility of all states to prevent financing of terrorist networks and of terrorist actions from their territories. We reiterate our commitment to fight the exploitation of the internet for terrorist purposes," it added giving a veiled reference to Pakistan.

Addressing the BRICS nations, Prime Minister Narendra Modi earlier asserted that terrorism is the "biggest threat" to humanity, and urged BRICS member countries to contribute in ending all mediums of support to terrorism and racism.

India, in the past, has blamed Pakistan for carrying out terrorist attacks in the country and asked it to stop supporting terror outfits operation from its soil, stating it as a condition for talks between the two nations.

Terming corruption as a global challenge, BRICS leaders also reaffirmed their commitment to supporting international cooperation in combating illicit financial flows.

"We acknowledge that corruption, including illicit money and financial flows, and ill-gotten wealth stashed in foreign jurisdictions, is a global challenge which may impact negatively on economic growth and sustainable development. We will strive to coordinate our approach and encourage a stronger global commitment in this regard," further read the statement.

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"We reaffirm our commitment to support international cooperation in combating illicit financial flows, including cooperation within the Financial Actions Task Force (FATF), the World Customs Organisation and other relevant multilateral mechanisms," it added.

Last week, the FATF told Pakistan to "swiftly" complete its action plan to curb terror financing by October or face consequences. Pakistan is currently on the "grey list" of countries that have been inadequate in curbing money laundering and terror financing. The country has already missed two prior deadlines -- in January and May 2019 -- to complete their action plan.

Osaka: Condemning terrorist activities across the globe, the BRICS nations have reiterated that all countries must work to prevent financing of terrorist networks and their actions from anywhere in the world.

In a joint statement that was issued after an informal meeting on the sidelines of G-20 Summit here, leaders of Brazil, Russia, India, China, and South Africa reiterated their commitment to "fight the exploitation" of the internet for terrorist purposes.

"We strongly condemn terrorist attacks, including against BRICS countries, in all forms and manifestations, wherever and by whom so ever committed," the statement said without naming any country.

"We reiterate that it is the responsibility of all states to prevent financing of terrorist networks and of terrorist actions from their territories. We reiterate our commitment to fight the exploitation of the internet for terrorist purposes," it added giving a veiled reference to Pakistan.

Addressing the BRICS nations, Prime Minister Narendra Modi earlier asserted that terrorism is the "biggest threat" to humanity, and urged BRICS member countries to contribute in ending all mediums of support to terrorism and racism.

India, in the past, has blamed Pakistan for carrying out terrorist attacks in the country and asked it to stop supporting terror outfits operation from its soil, stating it as a condition for talks between the two nations.

Terming corruption as a global challenge, BRICS leaders also reaffirmed their commitment to supporting international cooperation in combating illicit financial flows.

"We acknowledge that corruption, including illicit money and financial flows, and ill-gotten wealth stashed in foreign jurisdictions, is a global challenge which may impact negatively on economic growth and sustainable development. We will strive to coordinate our approach and encourage a stronger global commitment in this regard," further read the statement.

Also Read: Selfies are five times more fatal than shark attacks

"We reaffirm our commitment to support international cooperation in combating illicit financial flows, including cooperation within the Financial Actions Task Force (FATF), the World Customs Organisation and other relevant multilateral mechanisms," it added.

Last week, the FATF told Pakistan to "swiftly" complete its action plan to curb terror financing by October or face consequences. Pakistan is currently on the "grey list" of countries that have been inadequate in curbing money laundering and terror financing. The country has already missed two prior deadlines -- in January and May 2019 -- to complete their action plan.

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