COMMISSION’S ANTI-TERRORISM PACKAGE TO COMBAT TERRORIST FINANCING

THE EUROPEAN Commission will offer member states EUR2.5 million to help them develop good practice to tackle terrorist financing, the European Union (EU) executive said yesterday (October 18), in releasing a raft of proposals to prevent terrorism. These include allowing EU countries’ financial intelligence units (FIUs) more access to financial data to track down terror finance flows. The Commission will consider the obstacles to accessing this knowledge and into “possible EU measures to facilitate and speed up such access,” it said. These include setting up ...


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