Parliament set up a 30-member special committee to find ways of tackling terrorism in Europe and improve cross-border cooperation. The EU is fighting on many fronts, one of which is in the financing of terror. MEPs are zeroing in on money laundering and organised crime to stem the flow of funds.
Paris. Brussels. Nice. Stockholm. Berlin. And this year alone, terror attacks hit London and Barcelona. There's a strong threat and in certain member states, like mine, France, this threat is significant. It hangs over peoples' heads like an omnipresent monster. Despite this, Europe is one of the safest places in the world. Nevertheless, there's work to be done. The EU is tackling terrorism on many fronts: rooting out radicalisation, improving data exchange between police forces, strengthening cybersecurity and external borders, putting more money into anti-terrorism efforts, and turning off the money tap. In France, for example, one study estimated that the terrorists spent 108,000 euros to carry out the 2015 Paris attacks. To stem the flow of funds, MEPs are zeroing in on money laundering and organised crime. Terrorism is obviously a specific type of crime, but it borrows the ways of organised crime. That means, those who do human trafficking, organ trafficking, money laundering, etc. Parliament set up a 30-member special committee to delve into every aspect of terrorism and find an EU-wide response to a threat that knows no borders.