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 signed in Washington, D.C. in 1999. This convention is aimed at preventing and suppressing the financing of terrorist activities. It does this by making it unlawful to financially support any act of terrorism or to provide or receive funds from a person who has committed or is about to commit a terrorist act. The convention obligates its signatories to criminalize the provision and the collection of funds that are intended to be used in connection with terrorist activities. It also criminalizes those who support terrorists financially or recruit members for terrorist organizations. Furthermore, the convention obligates the signatories to take steps to freeze financial assets or resources of anyone suspected of engaging in the financing of terrorism. It also requires signatories to cooperate with each other in order to investigate and prosecute offenders. In addition to the United States, many other countries have signed on to this convention, including Canada, the United Kingdom, France, Italy, and Germany. The convention is seen as an important step in the prevention and suppression of terrorist activities, as it provides an international legal framework to hold financial supporters of terrorism liable.

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

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