States must work together to stop terrorist funding, says committee

PACE’s Political Affairs Committee has urged European countries to co-operate and co-ordinate more closely to stop Daesh and other terrorist groups from accessing funding.

Approving a draft resolution by Phil Wilson (United Kingdom, SOC), the committee said such groups were ready to use all methods to raise money, including extortion, exploitation of natural resources, smuggling of antiquities, drug trafficking, looting of banks or cultural property and kidnapping for ransom.

It urged states to carry out cross-border law enforcement operations, share intelligence, develop new technologies and work with international bodies to tackle terror financing.