Taiwan’s Cabinet approves draft bill against terrorism financing

Taiwan News
Date: 2016-01-14
By: George Liao, Taiwan News, Staff Writer

Taiwan’s Cabinet on Thursday approved a draft bill against the funding of

Cabinet passes anti terrorism financing draft bill.

Cabinet passes anti terrorism financing draft bill.

terrorism, which will be submitted to the new Legislature when it convenes in February.

As terrorism has posed threat to human rights, many countries around the world are imposing penalty for financing terrorism, as a means to prevent spread of terrorism, according to the Ministry of Justice (MOJ).

Making a law against financing terrorism will enable Taiwan to catch up with the global trend of fighting terrorism, Cabinet spokesman Sun Lih-chyun told a press conference after a Cabinet meeting.

The draft bill stipulates that a committee is to be set up by the MOJ to decide who should be listed for sanctions. The list will include any individuals, legal figures or organizations that have been named by the U.N. Security Council, according to the draft bill, which allows for the freezing of capital and other assets owned by those listed.     [FULL  STORY]

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