80 nations attend terror financing conference in Paris

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Updated 25 April 2018
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80 nations attend terror financing conference in Paris

  • Terror attacks have become increasingly low-cost since the 9/11 atrocities in the United States in 2001
  • While the Daesh group faces imminent defeat on the battlefield in Syria where the last pockets of its fighters are holding out, experts warn that its ideology will live on

PARIS: Ministers from 80 countries and nearly 500 experts gather in Paris from Wednesday for a conference on combating the financing of terror groups such as Daesh and Al-Qaeda, French officials said.
Attacks have become increasingly low-cost since the 9/11 atrocities in the United States in 2001, particularly in recent years when followers of Daesh have used vehicles and guns as their main weapon of choice.
But French authorities remain concerned about a huge war-chest amassed by Daesh between 2014 and 2016 when it ruled over large swathes of oil-rich territory in Iraq and Syria.
A French presidential official briefing journalists on Tuesday said that Daesh income was estimated at about $1 billion (820 million euros) a year.
“It has been moved since, at least in part. It’s probably somewhere,” the official said on condition of anonymity. “These groups are very skilful in using sophisticated techniques to move financial resources around.”
The idea of the two-day conference, which will close with a speech by French President Emmanuel Macron on Thursday afternoon, is to share expertise and good practice that can be implemented internationally.
The Daesh group faces imminent defeat on the battlefield in Syria where the last pockets of its fighters are holding out, but experts warn that its ideology will live on.
Some terror experts, including Peter Neumann from King’s College in London, have argued recently that the fight against the financing of terror groups has been ineffective since 2001.
In a report last year entitled “Don’t follow the money,” he argued that low-cost terror attacks were easy to mount and jihadist groups could transfer money easily without using the international banking system.
He will make a speech at the start of the second day of the conference on Thursday which will take place at the Organization for Economic Co-operation and Development in Paris.


Spain rescues over 500 migrants in Mediterranean

Updated 27 May 2018
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Spain rescues over 500 migrants in Mediterranean

  • Spain’s maritime rescue service says it has rescued 500 migrants attempting the dangerous crossing of the Mediterranean Sea this weekend
  • Spanish boats rescued almost 300 migrants from nine boats and a further 250 migrants were rescued from eight boats a day later

BARCELONA: Spanish authorities rescued over 500 migrants this weekend from more than a dozen boats making the perilous Mediterranean crossing to Europe.

Following plane and helicopter searches, Spanish boats rescued almost 300 migrants from nine boats on Saturday, authorities said.

As of Sunday afternoon, a further 250 migrants were rescued from eight boats, three of which were in poor condition and later sank, they added.

The migrants were from various countries in North and sub-Saharan Africa.

The number of people crossing into Spain by sea from North Africa, either via the Strait of Gibraltar or the Sea of Alboran, has increased significantly in recent years while arrivals to Italy and Greece via Libya have dropped.

Around 19,000 people made the sea crossing in 2017, representing a 182 percent increase on the previous year.

Europe’s border agency Frontex said in January that it expected a further increase in irregular immigration to Spain this year, with flows boosted by the use of fast boats.

An Italian coast guard official said on Sunday more than 1,800 migrants attempting to cross from Libya to Italy were rescued over the past three days, following an improvement in the weather.