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 convention created by the United Nations (UN), and adopted by the General Assembly in 1999. The FTT is a legally binding agreement between countries designed to limit and prevent the financial support of terrorism. The goals of the convention are to prevent individuals and organizations from providing funds to groups or individuals who intend to commit terrorist acts. The FTT requires signatories to criminalize certain terrorist-related activities, such as providing funding or resources to terrorist organizations, and to cooperate in providing information to one another on the prevention of terror-related financing. Furthermore, the FTT requires countries to establish a system of national laws, regulations, and procedures to monitor where funds are going and to take steps to identify and prevent the financing of terrorism. Additionally, it encourages states to have a framework for sharing information on possible terrorist financing and for taking actions to pursue investigations, prosecutions, and extraditions of any parties found to be financing terrorism. The FTT has been widely adopted by countries around the world, including the United States. The US signed and ratified the convention in 2002, and since then has used the FTT to strengthen its efforts to fight terrorism and terrorist financing. The US has implemented an array of laws and regulations to comply with the convention, and has actively enforced the FTT in order to disrupt and prevent the flow of funds to terrorist organizations.

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

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