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United Nations Security Council Resolution 2462

Published online by Cambridge University Press:  08 May 2020

William Casey King  and
Richard Gordon
William Casey King
Affiliation:
William Casey King ((PhD, Yale) is the Director of the Capstone Program at Yale University's Jackson Institute for Global Affairs and teaches courses on anti-money laundering and combatting the financing of terrorism. He is the co-author with Richard Gordon of Anti-Money Laundering and Combatting the Financing of Terror (Oxford University Press, 2020).
Richard Gordon
Affiliation:
Richard Gordon is Professor of Law and Founding Director of the Financial Integrity Institute at Case Western Reserve University. Before Joining Case, he was a senior staff member at the International Monetary Fund, where he served on the select IMF Task Force on Terrorism Finance.
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Extract

On March 28, 2019, less than two weeks after the Christchurch, New Zealand massacre, the United Nations Security Council unanimously adopted Resolution 2462. It stands as a signal of the United Nations' continued recognition of the critical importance of finance in combatting and countering global terrorism. Unfortunately, it may also be an indication that states are not doing what they have been urged to do in previous resolutions. The text of 2462 and its preamble are riddled with language like “Reminding,” “Reaffirming,” “Encouraging,” and “Noting with Concern,” rather than with language and ideas that break new ground.

Type
International Legal Documents
Information
International Legal Materials , Volume 59 , Issue 2 , April 2020 , pp. 252 - 261
Copyright
Copyright © 2020 by The American Society of International Law

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References

ENDNOTES

1 S.C. Res. 1267 (Oct. 15, 1999).

2 Since 2001, 22 resolutions on terrorist financing have been adopted, with 2017 disproportionately represented with eight in that year. The majority of the resolutions address specific threats, for example, Resolution 2253 (2015), which focuses on ISIL. The exception is Resolution 1452 in 2002, which attempts to protect humanitarian aid.

3 Financial Action Task Force (FATF), History of the FATF, http://www.fatf-gafi.org/about/historyofthefatf/.

4 FATF, IX Special Recommendations (2017), https://www.fatf-gafi.org/publications/fatfrecommendations/documents/ixspecialrecommendations.html. The special recommendation noted here has been subsequently updated which the authors will explain later in this note.

5 FATF, FATF clarifies risk-based approach: case-by-case, not wholesalede-risking, https://www.fatf-gafi.org/documents/documents/rba-and-de-risking.html.

6 S.C. Res. 2462 (Mar. 28, 2019) ¶ 6.

7 Statement delivered by Robert Mardini (Mar. 28, 2019), https://www.icrc.org/en/document/icrc-statement-un-security-council-open-debate-preventing-and-combating-financing-terrorism.