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 that seeks to prevent the financing of terrorism in countries around the world. This convention was adopted by the United Nations (UN) in 1999, and has since been ratified by 130 countries, including New Jersey. Under the convention, countries must criminalize the providing of funds or resources for the purposes of terrorism, and take measures to prevent funds from being diverted to terrorist groups. The treaty also requires states to adopt enforcement measures to ensure that funds are not funneled to terrorist organizations. This includes freezing of funds and other assets related to terrorism, as well as exchanging information related to the financing of terrorism. The convention also establishes an international legal framework to facilitate cooperation in criminal matters between states. This includes information exchange, extradition, and extradition assistance. Overall, the International Convention for the Suppression of the Financing of Terrorism is an important international agreement that seeks to prevent terrorist groups from receiving financial support. It serves as an important tool for New Jersey and other countries to combat terrorism and ensure the safety of its citizens.
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