New York - The United Nations Security Council has stepped up efforts to block all sources of funding for the Islamic State in Syria and Iraq (ISIL) and other terrorist groups.
Such sources include ransom payments, no matter by whom.
This is contained in a unanimously adopted resolution at a session presided over by the Treasury Secretary, Jack Lew of the U.S.
The 15-member body called for enhanced actions from closing financial system loopholes to stopping the abuse of charitable causes.
It stressed that existing resolutions shall also apply to the payment of ransoms to individuals, groups, undertakings or entities on the ISIL [Da’esh] and Al-Qaida sanctions list, regardless of how or by whom the ransom is paid.
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Those resolutions mandate States to ensure that financial assets are not transferred to terrorists by persons within their territory.
The resolution also called for increased international cooperation in sharing information and closer collaboration with the private sector, to identify suspect transactions.
The Council also called on Member States to promote enhanced vigilance by persons within their jurisdiction.
This, they said, is with a view to detect any diversion of explosives and raw materials and components that could be used to manufacture improvised explosive devices (IED) or unconventional weapons.
These include chemical components, detonators, detonating cord, and poisons.
Earlier, in his remarks at the start of the debate, UN Secretary-General, Ban Ki-Moon, said terrorists were ``agile and have been far too successful in attaining resources for their heinous acts.
"As Da’esh and other terrorist groups disseminate their hateful propaganda and ratchet up murderous attacks, we must join forces to prevent them from acquiring and deploying resources to do further harm.
The UN chief noted that progress has been made over the years in identifying and limiting various methods of terrorist financing.
According to him, this is evident in the ratification of the International Convention on the Suppression of the Financing of Terrorism.
He also said that Member States have adopted legislation to criminalise terrorist financing and strengthen regulatory system
"They loot and sell precious cultural property, shamelessly profiting from the destruction of humanity’s common heritage.
"Social media outreach is exploited by Da’esh, not just for radicalisation and recruiting, but also for fund raising.
"Other terrorist organisations around the world, from Boko Haram to Al-Shabaab to the Taliban, are following suit,’’ the UN scribe said.
Ki-Moon said that with terrorists increasingly employing elusive tricks to raise and transfer funds, covering their tracks and leaving little evidence to identify tainted resources, the international community must stay ahead of the curve to combat their ploys.
He noted that many States have yet to set up the necessary legal regimes and institutions to identify and freeze terrorist assets.
He called for increased international cooperation in sharing information and expertise, especially in stopping the illegal trade of cultural artefacts.
The UN scribe also sought closer cooperation with the private and charitable sectors to identify suspected transactions.