Getting, Sharing Data Quickly Key To Fighting Terror Finance: Expert

Advertisement
By Reuters | Updated: 14 December 2015 11:14 IST
Getting, Sharing Data Quickly Key To Fighting Terror Finance: Expert
Getting and sharing data quickly is the key to tracking down the people behind terrorist attacks, a senior money-laundering expert told a Swiss newspaper, calling for broader official powers that could infringe on traditional civil liberties.

Daniel Thelesklaf, chairman of the Council of Europe's MONEYVAL advisory panel on combating money-laundering and terrorism finance, said his group was actively studying how terrorist cells in Europe function and secure funding.

"Then we need quick access to data and no obstacles to exchanging this internationally," he told the SonntagsZeiting, saying much remained to be done despite some progress of late.

"After an attack like the one in Paris you have to be able to match data at times from many countries within 24 hours about people, rental cars, purchased weapons. Financial data play an important role here," he said.

While financial data analysts often work with local police, they rarely have collaborated with intelligence agencies, and that needs to change, the lawyer said.

Advertisement

The director of Liechtenstein's financial intelligence unit acknowledged how sensitive the matter was, but added: "We cannot give a terrorist endless avenues to object. If we want to have a chance against terrorists we have to be quick."

He said he was sure people would back such measures if they helped prevent attacks and said they could be introduced for a limited time and reviewed regularly to see if they were still warranted.

Advertisement

Thelesklaf suggested countries consider following the examples of France and Italy and limit the use of cash, which unlike bank transfers leaves no electronic trail.

© Thomson Reuters 2015

 

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Internet
Advertisement

Related Stories

Popular Mobile Brands
  1. Poco F7 India Launch Teased; Flipkart Availability Confirmed
  2. iQOO 13 and More Available With Discounts During iQOO 5th Anniversary Sale
  3. Vivo T4 Ultra Chipset, Display Features Confirmed Ahead of India Launch
  4. WWDC 2025 Live Updates: Apple Expected to Announce iOS 26, macOS 26 and More
  5. Lava Storm Play 5G, Storm Lite 5G Design Teased; India Launch Date Set
  6. Samsung Galaxy Z Fold 7, Z Flip 7 Unpacked Event Said to Be Held Mid-July
  7. WhatApp May Soon Let You Choose Media Auto-Download Quality on Android
  8. WWDC 2025: Where and How to Watch the Apple Live Event, What to Expect
  1. Xbox Chief Phil Spencer Hints at 'Return' of Halo: Combat Evolved Next Year
  2. Vivo X Fold 5 Design Teased; Confirmed to Feature 8T LTPO Panels, Meet IP5X and IPX9+ Certifications
  3. Oppo K13x 5G Price Range in India Tipped; Alleged Retail Box Suggests Flat Display
  4. WWDC 2025: Apple Faces AI, Regulatory Challenges As it Woos Developers at Annual Conference
  5. WazirX Parent Zettai Urges Singapore Court to Review WazirX Restructuring, Extend Moratorium
  6. AI+ Smartwatch With Built-in TWS Tipped to Launch in June; Retail Box Image Leaked
  7. Vivo T4 Ultra to Get MediaTek Dimensity 9300+ SoC; Camera, Display Features Revealed
  8. Capcom Reveals Resident Evil Requiem at Summer Game Fest, Launch Set for February 2026
  9. AI-Powered Autonomous Drone Defeats Human Pilot at Abu Dhabi Autonomous Racing League
  10. Tecno Pova 7 Ultra 5G to Reportedly Offer Magnetic Wireless Charging
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.