Initiated by France, Resolution 2462 is intended to update existing resolutions and adapt them to new forms of financing of terrorism and new challenges in this field.
The resolution notes with concern that terrorists may abuse legitimate businesses and non-profit organisations for their activities, and make use of emerging payment methods, such as prepaid cards and mobile payments or virtual assets.
It also expresses concern at the continuing use by terrorists and their supporters of information and communications technologies, in particular the internet, to facilitate terrorist acts, as well as inciting, recruiting, funding, or planning terrorist acts.
Therefore, the resolution calls upon all countries to enhance the traceability and transparency of financial transactions.
This including assessing and addressing potential risks associated with virtual assets and as appropriate, the risks of new financial instruments, including but not limited to crowd-funding platforms.
It also encourages member states to apply risk-based anti-money laundering and counter-terrorist financing regulations to virtual asset service providers, and to identify effective systems to conduct risk-based monitoring or supervision of virtual asset service providers.
Furthermore, the resolution encourages competent national authorities, in particular financial intelligence units and intelligence services, to continue to establish effective partnerships with the private sector.
This including financial institutions, the Financial technology industry and internet and social media companies, in particular with regards to the evolution of trends, sources and methods of the financing of terrorism.
Adopted in 2001 in response to the September 11 terrorist attacks in the U.S., Resolution 1373 was the first comprehensive resolution imposing obligations on all states to respond to the global threat of terrorism.https://nnn.ng/un-adopts-resolution-to-counter-new-forms-of-terrorist-financing/
13 B/Haram terrorists, 23 family members surrender to troops in Borno -DHQ Malami donates N11m to Kebbi flood victims Jos airport renovation 95 per cent completed – Manager FG mulls policy on zero rating for educational websites Tourism Day: Nigeria to leverage on tourism to boost grassroots devt.- Minister Buhari’s policies yielding fruitful results – Gov Bagudu Ministry to create platform for lifting 100m Nigerians out of poverty Oil palm growers commend Buhari, CBN for empowering small holder farmers Nigerians renew call on Multichoice, others on pay as you go tariff NIHOTOUR will work with private sector for sustainable development of tourism -Kangiwa Men like Justice Karibi-Whyte, difficult to find anymore -NBA President Gov. Wike describes late Karibi-Whyte as a super hero, incorruptible jurist Inter hits two late goals to beat Fiorentina 4-3 Beaten Betis coach Pellegrini blames VAR in defeat to Real Madrid COVID-19: Nigeria cases now 58,198 with 49,722 discharged Ministry official advocates regular dog vaccination to end rabies by 2030 COAS inspects ongoing projects in Army Super Camp, Ngamdu School resumption: Expert advocates provision of clean water to check spread of infections Armed Forces College holds memorial service for 1992 Ejigbo plane crash victims Increased tariff: Previous administration created problem in power sector Scores of terrorists killed in massive airstrikes on hideouts in Borno – DHQ Wike promises early completion of 258-bed mother, child hospital in Port Harcourt Yobe IPAC agrees with LG elections postponement Brazil court postpones league game after several COVID-19 positive tests Don charges media on changing maternal health narratives FG hands over Ogoni remediation sites to NOSDRA for scientific analysis Chilean team discover match postponed after 1,500 km trip Buhari condemns attack on Gov. Zulum’s convoy, killings of security agents Edo election: We have learnt our lesson — APC Environmental: Kano Govt deploys 1,000 sanitation vanguards Christian women pray over insecurity in Jos Chelsea recover from 3 goals down to draw at West Brom Ondo 2020: No plan to collapse our structure for another party – ZLP Structure NGO tasks youths on self-development, empowers 100 with N200, 000 each FG set to address flooding as HYPPADEC takes off soon Students honour FRSC Oyo State sector commander Governors’ Forum pleads with labour unions to shelve planned strike Gov. Matawalle inaugurates planting of 10,100 trees in Zamfara Ortom condemns attack on Gov. Zulum’s convoy Shelve economic shutdown, Buhari deserves commendation – Group tells labour unions Everton win again after penalty kick controversy at Crystal Palace PRP NWC passes vote of confidence on National Exco Tennis: Second seed Pliskova hoping to be fully fit before opening match World Bank spent N90bn on community projects in 11 years – official Caligiuri leads Augsburg to stunning 2-0 win over Borussia Dortmund Manchester United earn dramatic win at Brighton with late penalty kick 100, 000 traders to benefit from “Trader money” in Kwara Pathfinder University confers professorship on Dabin, former Plateau PDP chairman COVID-19: Fayemi sympathises with Ekiti hoteliers, gives palliatives Fistula Foundation treats 37 VVF patients in free surgery campaign in Sokoto