Explanatory Memorandum to COM(2001)569 - Specific restrictive measures directed against certain persons and entities with a view to combating international terrorism - Main contents
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| dossier | COM(2001)569 - Specific restrictive measures directed against certain persons and entities with a view to combating international terrorism. |
|---|---|
| source | COM(2001)569  |
| date | 02-10-2001 |
At its extraordinary meeting on 21 September 2001 the European Council declared that terrorism is a real challenge to the world and to Europe, and that the fight against terrorism will be a priority objective of the European Union. It also declared that combating the funding of terrorism is a decisive aspect of the fight against terrorism and called upon the Council to take the necessary measures to combat any form of financing for terrorist activities.
The proposed Regulation is intended to ensure a rapid and more coherent application, and optimal effectiveness, of these measures throughout the European Community. In order to prevent circumvention of the proposed measures, it is considered necessary to apply restrictions on intra-Community payments and movements of capital.
The proposed measures may have to be complemented in due course by additional measures, taking into account decisions made by the UN Security Council and experience with the application of the proposed measures. The Commission will make additional proposals where appropriate.