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 law that has the goal of preventing terrorist organizations from acquiring funds or financial resources. It was adopted by the United Nations General Assembly in 1999 and came into force in 2002. The FTT requires countries to criminalize the funding of terrorism-related activities and to cooperate with one another to ensure that funds and financial resources are not used to finance terrorism. It also seeks to ensure that funds are not used to provide any material support to terrorist organizations. In particular, it criminalizes the provision of funds or financial resources to a person commits or attempts to commit a terrorist act, or facilitates or participates in, the financing of a terrorist act. In California, the FTT is enforced through the State of California Penal Code, which has a variety of sections dedicated to punishing those who participate in or are connected to the financing of terrorism. California also has a series of laws and regulations that are specifically designed to prevent or detect terrorism financing activities. These laws provide for enhanced monitoring of individuals suspected of involvement in money laundering activities, as well as enhanced measures to prevent terrorist financing. In sum, the International Convention for the Suppression of the Financing of Terrorism (FTT) is an international law that was adopted in 1999 and came into force in 2002. It seeks to criminalize the provision of funds or financial resources to those who commit or attempt to commit a terrorist act and provides for enhanced monitoring and prevention of terrorist financing. In California, it is enforced through the State of California Penal Code and other laws and regulations.
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