Australia Counter-terror financing laws pass Senate

23:31  07 december  2017
23:31  07 december  2017 Source:   msn.com

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Terrorism financing refers to activities that provide financing or financial support to individual terrorists or non-state actors. A government that maintains a list of terrorist organizations normally will also pass laws to prevent money laundering being used to finance those organizations.

United nations office of counter - terrorism . Counter - Terrorism Implementation Task Force. The CTITF Working Group on Countering the Financing of Terrorism brings together relevant United Nations entities and international organizations to examine the various steps taken, at

Attorney-General George Brandis said the new regime will strengthen AUSTRAC' s intelligence sharing. © AAP Image/Mick Tsikas Attorney-General George Brandis said the new regime will strengthen AUSTRAC' s intelligence sharing. Legislation cracking down on counter-terrorism financing and money laundering has cleared the federal parliament.

Attorney-General George Brandis told parliament the measures will strengthen protections against Australian businesses being misused for money laundering or the financing of terrorism.

The bill had bipartisan support, but Labor senator Deb O'Neill said the changes didn't go far enough.

Senator Brandis said any suggestion the legislation was piecemeal was ill-conceived.

"Counter-terrorism financing is a complex area. This bill deals with certain particular aspects of the problem," he said on Thursday.

"The government has introduced other legislation earlier in the year to deal with other aspects."

The new regime will strengthen AUSTRAC' s intelligence sharing and enforcement powers.

The changes also clamp down on the use of digital currencies such as Bitcoin for money laundering and terrorism financing.

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Earlier in the day, McCain's daughter, Meghan, tearfully interviewed former Vice President Joe Biden, whose son Beau died from the same cancer, glioblastoma"As ever, he remains grateful to his physicians for their excellent care, and his friends and supporters for their encouragement and good wishes," the statement said.

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