China, US Freeze 'East Turkistan' Asset Resource

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Last updated at: (Beijing Time) Friday, September 27, 2002

China, US Freeze 'East Turkistan' Asset Resource

On September 9, China, US, Afghanistan, Kirghizia's joint sanction against the East Turkistan has been filed into UN's No. 1267 and No. 1390 resolution. In accordance with the resolution, all UN members will freeze the organization's fund and ban all possible aid to it from every UN member.

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Recently, China and the US achieved another progress in their cooperation of fight against terrorism. On September 9, China, US, Afghanistan, Kirghizia's joint sanction against the East Turkistan has been filed into UN's No. 1267 and No. 1390 resolution.

The UN Security Council passed the resolution on September 11. In accordance with the resolution, all UN members will freeze the organization's fund and ban all possible aid to it from every UN member.

Americans are included without doubt and banned from doing business with East Turkistan and the US law will by no means be supple to East Turkistan.

The American government has shown a cooperative attitude toward the sanctions against East Turkistan, and it will freeze the organization's capital resource.

There are two procedures in freezing East Turkistan's assets, one is to make name list of the terrorist organization public, second is to freeze its assets.

The Chinese Ministry of Foreign Affairs on September 13 issued a circular to various ministries and central commissions under the State Council, asking them to take measures to strictly carry out the UN resolution.

According to reports, the No. 1267 and No.1390 resolutions are a compulsive action taken by the UN Security Council for the fight against international terrorists and terrorist organizations, every member of the UN should implement the resolution.

When asked what domestic institutions would be involved in the sanctions, officials of the Ministry of Foreign Affairs gave no detail but said that China is one of the four countries putting forward the sanctions, so China should be responsible to strictly carry out the resolution.

The "East Turkistan" terrorist organization based in South Asia has the unstinting support of Osama bin Laden, their fund also come from drug, gold, jewelry trafficking.

The terrorist forces led by bin Laden have given much financial and material aid to the "East Turkistan" terrorists.

In early 1999, bin Laden met with the ringleader of the "East Turkistan Islamic Movement," asking him to "coordinate every move with the 'Uzbekistan Islamic Liberation Movement' and the Taliban," while promising financial aid.

In February 2001, the Bin Laden terrorists and Taliban leaders met at Kandahar to discuss the training of "East Turkistan" terrorists.

They decided to allocate a fabulous sum of money for training the "East Turkistan" terrorists and promised to bear the funds for their operations in 2001. Moreover, the bin Laden terrorists, the Taliban and the "Uzbekistan Islamic Liberation Movement" have offered a great deal of arms and ammunition, means of transportation and telecommunication equipment to the "East Turkistan" terrorists.

Most of the explosions, assassinations and other terrorist incidents that have taken place in China's Xinjiang in recent years are linked to these organizations. So far, the Chinese police have arrested over 100 terrorists who had sneaked into Xinjiang after getting trained in terrorist training bases in Afghanistan and other countries. The police of some other nations have also extradited or transferred to China a dozen or so "East Turkistan" terrorists they captured.

China is now on high alert of terrorism activities, the People's Bank of China has established an anti-money-laundering working office to prevent the organization's money laundering.

What is noticeable, after the UN passed the resolution, East Turkistan organization will face the whole world's sanctions and objections. This is another achievement made by international anti-terror campaign.

Tan Yaling, an expert in China's finance industry said in an interview that the cooperation is dedicated not only to the security of world economy but also the benefit of every country.

She said that after the "9.11" incident, people are more and more aware of the ferocity of terrorism, it does not only affect politics, but also damage economic stability.

As economic globalization and finance integration speed up, terrorists' activities in one country will surely influence other countries, curbing the terrorism is far beyond one country's capability.

When talking about financial sanctions against East Turkistan, Tan Yaling said that the cooperation with the US, on one hand, indicate that China's vigilance on terrorism and economic crimes, on the other hand, also show that China is actively participating in international cooperation including anti-money laundering.

So far, the two sides have promised mutually that they will further strengthen cooperation in fighting terrorism, cutting off terrorists' asset resource. The US also called for other countries to set up financial check-up organizations.

A financial special team formed of 29 countries will hold a conference in late October, discussing methods dealing with terrorists' fund resource. China and other countries' finance ministers all agree to work hard to crack down on terrorism in finance especially in diamond, gold transactions.

By PD Online Staff Li Yan

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