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 treaty which seeks to combat the financing of terrorism. This convention was drafted and adopted by the United Nations in 1999 and has since been signed and ratified by many countries, including Georgia. The FTT has the intention of curbing the international flow of funds and other resources used to plan and carry out terrorist activities. By imposing stronger measures of international cooperation, the Convention helps countries to prevent terrorism and respond to terrorist activity. Under the FTT, states are required to criminalize the provision, collection, and possession of funds and other resources intended for use in terrorism, and to establish a legal framework for sharing information and extraditing criminals. It also requires state authorities to investigate any suspicious financial activities and take necessary measures to freeze or seize funds or other resources suspected of being used for terrorist purposes. The FTT also requires each state to provide mutual legal assistance and extradition of persons suspected of financing terrorism. Additionally, the Convention provides for the setting up of a monitoring body to ensure that all states comply with their obligations under the Convention. By joining the FTT, Georgia is taking part in an effort to reduce the risk of terrorist activities and promote international security. This is an important step towards making the world a safer and more secure place for everyone.

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

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