Grenada again amended its Terrorism Bill to ensure compliance with the Caribbean Financial Action Task Force (CFATF).
The Terrorism (Amendment) (N0. 2) Bill, 2013 is intended to enhance Grenada’s compliance with the Caribbean Financial Action Task Force recommendations.
The Amendment to the existing legislation now makes provision for the publication of a list of designated entities by the Security Council of the United Nations.
The Bill also provides a procedure for financial institutions to adopt once it receives the list of designated entities.
The legislation now makes provision for procedures to be followed when a financial institution receives the list of designated entities and reporting requirements as well as Compensation.
Leader of Government Business, Gregory Bowen in tabling the bill informed Parliament that the amendment to the legislation is also being done in other regional countries.
Bowen, the Minister of Works said that the amendment made is an attempt to stop every available avenue to eliminate terrorist financing and money laundering,
“They (other regional states) too have to comply with the legislative adjustment as the region put the structures in place to ensure that companies, non-government organisations, charities, fraternities and groups of a similar nature are not used to finance terrorist activities,” he told Parliament.
The Terrorism Act No. 16 of 2012 was amended earlier this year to list 23 suspected terrorist organisations as “outlawed in Grenada.”
The named groups included Al-Qa’ida, Egyptian Islamic Jihad, Al-Gama’at al-Islamiya, Armed Islamic Group (Groupe Islamique Armee) (GIA), Salafist Group for Call and Combat (Groupe Salafiste pour la Predication et le Combat) (GSPC), Babbar Khalsa, International Sikh Youth Federation, Harakat Mujahideen, Jaish e Mohammed, Lashkar e Tayyaba, Liberation Tigers of Tamil Eelam (LTTE), and the Hizaballah External Security Organisation.
The others were , Hamas-Izz al-Din al Qassem Brigades, Palestine Islamic Jihad-Shaqaqi, Abu Nidal Organisation, Islamic Army of Aden, Mujaheddin e Khalq, Kurdistan Workers’ Party, Revolutionary People’s Liberation Party – Front (Devrimci Halk Kurtujus Partisi – Caphesi) (DHKP-C), Basque Homeland and Liberty (Euskadi ta Askatasuna) ETA, 17 November Revolutionary Organisation (N17) and the Taliban.
Terrorism is defined as the use of action or threat of action, which constitutes an offence within the scope of, and as defined in any of the 10 treaties ratified by Grenada.