Indonesia encourages global cooperation to prevent terrorism funding

Indonesia encourages global cooperation to prevent terrorism funding

Indonesian Vice Minister for Foreign Affairs AM Fachir. (Photo: Foreign Affairs Ministry)

Jakarta (ANTARA) - The international community must work together innovatively and adaptively to prevent and overcome the increasing funding of terrorism, Indonesian Vice Minister for Foreign Affair A.M. Fachir said during the United Nations Security Council Open Debate on "Threats to International Peace and Security caused by terrorist acts: Preventing and Combating the Financing of Terrorism", at the UN Headquarter, in New York, Thursday (March 28).

In front of the UN Security Council members, Fachir reaffirmed Indonesia's full commitment in the efforts to prevent and combat terrorism and terrorism funding, the Indonesian Foreign Affairs Ministry said in a statement published on the ministry's official website on Sunday.

In the Open Debate moderated by French Foreign Minister, Jean-Yves Le Drian, Fachir reminded that the terrorism act in Christchurch, New Zealand on 15 March 2019, proved that no country could be free from the threat of terrorism.

He particularly welcomed the commitment to increasing international cooperation, including the adoption of Resolution 2462 concerning Preventing and Countering Financing of Terrorism, where Indonesia was one of the co-sponsor countries.

He further stressed the importance of adopting and implementing various international commitments such as the Convention for the Suppression of the Financing of Terrorism, various related UNSC Resolutions, and the Financial Action Task Force (FATF) recommendations under the laws and regulations of each country.

The Deputy stressed the importance of increasing the adaptation of the international community in responding to various technological developments in the fields of finance and information, through firm, flexible, innovative, and practical policies.

In addition, Fachir encouraged to improve global cooperation, among others, through information exchange, technical assistance, capacity building of law enforcement officers and financial intelligence units, and coordination between relevant UN agencies and committees, including consultation and synergy with FATF.

He also shared Indonesia's experience in putting collaborative efforts to combat terrorism, such as organizing the Counter Terrorism Financing Summit to conduct regional risk assessments and analyze the threats and impacts of terrorism funding in the Asia Pacific region.

"Indonesia keeps increasing the capacity of its legal instruments and infrastructures, among others through the National Strategy (National Strategy) for Crime of Terrorism Funding and by strengthening cooperation between ministries, institutions and private sectors", Fachir said.