EU approves rules on tracing fund transfers to combat terror financing

Measures to halt terror financing are much-needed on both sides of the Atlantic. "Council approves rules on the tracing of fund transfers
in order to better combat terrorist financing," from Europa, with thanks to Jeffrey Imm:

The Council today adopted[1] a regulation laying down rules on information regarding the payer that accompanies transfers of funds for the purposes of prevention, investigation and detection of money laundering and terrorist financing.[2]

The regulation transposes into Community legislation a special recommendation issued by a G7 financial action task force (FATF) in 2001, following the 11 September terrorist attacks in the United States. It is aimed at ensuring traceability of payments so as to prevent the financing of terrorists, by imposing identification requirements on payers and verification requirements on payment service providers. The regulation is intended to complement directive 2005/60/EC on money laundering and terrorist financing.[3]

The regulation will be applicable in the member states on 1 January 2007, which is the target date set by the FATF.

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It is the total amount available to Muslim states and peoples that matters most. Ten trillion dollars has been acquired by the Muslim members of OPEC since 1973: the largest transfer of wealth in human history, all the result of an accident of geology, and the failure of the West, and above all of the Americans, to recognize the uses to which some of that money would necessarily, inevitably, be put: to fund mosques, madrasas, campaigns of Da'wa, the enrollment in public relations efforts of armies of Western hirelings who through salaries, "consultancies," bribes, and other forms of payment, manage to do so well. See, for example, the sources of funding for Eugene Bird and the "Council for the National Interest" with its full-page sinister ads, or how Raymond Close has enjoyed himself since he retired from being the C.I.A. station chief in Riyadh in 1977, see the career of James Akins, see a whole host of former diplomats to the Arab countries, especially to Saudi Arabia, and see how many have become "international business consultants" who also have a penchant for delivering lectures and writing Op/Ed pieces that somehow always manage to convey the wonderfulness of Saudi Arabia, and the natural alliance it would naturally have with us (after all, aren't Wahhabis and Americans just exactly alike in so many ways?) if only pesky Israel didn't keep getting in the way.

It is not enough, not nearly enough, to close this account, or that bank. What is required is a policy that is based on the understanding that the total transfer of wealth, from Infidels to Muslims, must be reduced. It is easy, once one recognizes the need, to end the disguised Jizyah of foreign aid. Certainly there should be no renewal of any aid to the "Palestinians" now smiling over what they assume will be a quick resumption of the Jizyah -- followed by indignation and outrage if those Infidels don't come through now that the phoniest, and most transparent, of "acceptances" of Israel -- a non-acceptance, of course, as it must be, but one that might be accepted by those in the chanceries of the West so eager to turn over the Jizyah to their Arab masters once again, lest there be consequences. But that should only be a start. No more French aid to North Africa, no more American billions for Egypt or Jordan, even with its latest version of the late King Hussein, the "plucky little king" putting on his well-worn act. No more money for Pakistan, which should be pressured and pressured for its being in so deep with the Taliban and Al Qaeda, and for the monstrous activities of A. Q. Khan -- not rewarded with economic and, still worse, military aid. That the government of Pakistan has been allowed even to think it has a right to expect Washington to treat Pakistan as it treats India, shows how badly the American government has conveyed what should be its inextinguishable fury and suspicion with Pakistan. Pakistan is not to be rewarded. Pakistan is on, at best, with the entire West, on permanent parole, and it had better do what the parole board expects.

Now that the price of gasoline is falling, the most important tasks for the Administration, aside from withdrawing promptly from Iraq and preparing to bomb, as it must, Iran's nuclear project, is to talk openly about the need to have an energy policy that will not be ideological in its choice of what kinds of energy projects to support -- with conservatives supposedly great fans of nuclear energy, which liberals supposedly abhor, and with liberals supposedly being great fans of solar and wind energy, which conservatives supposedly abhor -- but will go a tous azimuts, damn the torpedos, and full speed ahead. If it doesn't, closing this or that account connected to terrorists means next to nothing.

Now that the price of gasoline is falling, the most important tasks for the Administration, aside from withdrawing promptly from Iraq and preparing to bomb, as it must, Iran's nuclear project,

Hugh do you think that when the US pulls out of Iraq that they would ever be given the green light to bomb Iran's nuclear sites? Do you not see the leftist from Germany ready to trial Rummie, and then the Demorats will of course join in, as they dont want to be left out at destroying everyone on the GOP ticket. the world's left will make it so difficult for any US President to protect the US citizens, that the folly of leaving Iraq will become ever so evident. The left and terrorist have a common goal, and that their hatred for the West and "Western Values" gives them this common fight. no the seeds of destructions are in place, and it will take unfortunately attacks worse than one would imagines for the US to nuke Iran's nuclear faciiities. The presidency of the US is currently being neutered by the leftist Democrats.

It's about time.

While I'll always be happy with measures like these, what are they going to do about the Hawala system?

From what I understand terrorism is basically low-budget, certainly compared to the vast war chest of any oil producing sponsor of terrorism.
With means, motivation, and opportunity being the principal attributes of a crime, it might be more effective to focus on the latter two.

The enemy of Islam used terms like 'Muslim terrorists' and 'Muslim kidnappers' in the media to testify that their philosophy is true that the Muslims are everyone except a civilized nation. They never used these kinds of words if the condition is vice versa, ie any other religionist commit such act.