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 a United Nations treaty ratified by more than 180 countries, including New Hampshire in 2007. The treaty establishes a framework to criminalize terrorist financing, primarily by requiring states to adopt national laws that make it illegal to provide money or any other resources (i.e. goods, services, and technology) with the knowledge or intention that these resources will be used to carry out a terrorist act. FTT establishes that any person who provides or collects funds with the intention of using them for terrorist activities is guilty of a criminal act. It also requires states to cooperate with each other in investigations, extradition proceedings, and other legal activities related to terrorist financing. Additionally, the FTT requires states to Freeze any assets held by persons suspected of terrorist financing and to prohibit transfers of funds to these persons, as well as to organizations that support terrorist activities. FTT is part of a broader effort to combat international terrorism. Other major initiatives include the United Nations Security Council Resolution 1373, which requires all countries to criminalize terrorism, and the Financial Action Task Force, which develops standards for combating terrorist financing and money laundering. These efforts are essential in helping to prevent terrorist financing and ensure the safety of citizens, regardless of which country they live in.

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

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