What is the International Convention for the Suppression of the Financing of Terrorism (FTT)?

The International Convention for the Suppression of the Financing of Terrorism (FTT) is an international agreement designed to prevent the funding of terrorist activities. The Convention was adopted by the United Nations in 1999 and came into effect in 2002. The Convention defines terrorist financing as any financial transaction or providing of funds or assets to any person who is involved in terrorism. It also requires governments to enact laws to criminalize the financing of terrorism, and to adopt measures to prevent the financing of terrorism. The Convention also requires governments to cooperate with one another to identify and confiscate property used to finance terrorism. In addition, governments must take necessary measures to freeze any funds or other assets used to finance terrorism. The California Assembly has also enacted legislation to enforce the Convention. This legislation requires all financial institutions in the state of California to report suspicious activity arising from activities related to the financing of terrorism. The legislation also gives the Attorney General of California the authority to file civil actions against those who commit certain offenses in connection with the financing of terrorism. Overall, the International Convention for the Suppression of the Financing of Terrorism is an international agreement to prevent the financing of terrorism. It requires governments to enact laws to criminalize the financing of terrorism and cooperate with one another to identify and confiscate property used to finance terrorism. In California, there is also legislation to enforce the Convention and requires financial institutions to report suspicious activity related to the financing of terrorism.

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What is the International Convention for the Suppression of the Financing of Terrorism (FTT)?

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