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

The International Convention for the Suppression of the Financing of Terrorism (TBT) is an international agreement designed to promote the control of terrorist financing around the world. The agreement was adopted by the United Nations General Assembly in 1999 and entered into force in 2002. The TBT was enacted in response to the increase in global terrorist activities in the late 1990s and early 2000s, and is an effort to make it more difficult for terrorist groups to obtain the resources they need to operate. The TBT requires each state to take measures to recognize and prevent the financing of terrorist activities. This includes measures such as criminalizing terrorist funding, freezing terrorist assets, and ensuring the transparency of financial transactions. The TBT also requires states to cooperate with one another when necessary to conduct investigations into terrorist funding. In Tennessee, the financial regulations and anti-terrorism laws provide protection from terrorist funds, including those established under the TBT. The Tennessee Bureau of Investigation is responsible for ensuring the state complies with all federal regulations as it pertains to terrorism financing. The TBI also works with the FBI and other local law enforcement agencies to investigate and prosecute suspected terrorist financiers. The TBI encourages Tennesseans to report suspicious activity or financial transactions, which may be related to terrorism, to law enforcement.

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

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