IRA faces cash crisis if it rejects declaration
Thursday 30 December 1993
Informed British government sources insist that the IRA is finding it more and more difficult to bring in the estimated pounds 5m a year it needs to finance the level of terrorist activity it has sustained for more than two decades.
The increase in security threatened on both sides of the border if the IRA refuses to renounce violence is certain to include an even more intensive effort to stem the flow of funds from racketeering and smuggling, and the profits of drinking and gambling clubs.
Some senior Tories in close touch with security issues argue that a comparative lack of funds for terrorist activities is a key factor behind the republicans' willingness to consider a peaceful settlement.
But even allowing for propagandist efforts to magnify the current pressures on paramilitaries, normally reliable sources are adamant that close liaison between the Royal Ulster Constabulary and the four- year-old Terrorist Finance Unit at the Northern Ireland Office is scoring increasing success in cutting off funds from both loyalist and republican paramilitaries.
A senior Northern Ireland Office official described at a recent private international conference on economic crime how the RUC had been having 'resounding success' in 'drastically curtailing' the flow of funds from registered social clubs - one key source of terrorist cash - by forcing them for the first time to produce accurate accounts.
He told the conference: 'There is nothing complicated about the financial scams. From the dozens of clubs believed to be controlled or exploited by terrorists, part of each day's bar takings was put to one side and collected by a terrorist finance controller. The remainder of the bar takings was entered in the club's financial records.'
- 1 What happens to your body when you give up sugar?
- 2 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 3 Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
- 4 Penis size: Study revealing 'what's normal' sends international media into meltdown
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
Ayesha Ali death: Mother and her girlfriend found guilty of manslaughter of eight-year-old
George Clooney and Amal fail to get special treatment at New York restaurant
Cindy Crawford 'un-PhotoShopped' viral Marie Claire image was doctored, claims photographer
'A girl is more responsible for rape than a boy': The statement that shocked the world... except India
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
£30000 - £37000 per annum: Recruitment Genius: A 2nd / 3rd Line IT Support Eng...
£25000 - £35000 per annum: Recruitment Genius: This firm are focussed on assis...
£7 per hour: Recruitment Genius: A vacancy has arisen for a General Processor ...
£18000 - £22000 per annum: Recruitment Genius: A great opportunity has arisen ...