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 terrorist acts across the world. The Convention was negotiated in Washington and adopted by the United Nations in 1999. The Convention applies to all states that have signed and ratified the agreement. The main purpose of the FTT is to limit or even cut off the potential sources of terrorist funding. It does this by requiring all state parties to implement a range of criminal sanctions that target those who finance acts of terrorism. This includes individuals, organizations, and state-sponsored entities who provide finances and other forms of support to terrorist organizations. The Convention also requires signatory states to cooperate to prevent the financing of terrorism. This includes sharing information on suspected terrorists, or exchanging information on the activities of groups or individuals that are suspected of financing terrorist activities. Furthermore, it seeks to criminalize the direct or indirect provision of funding to terrorist organizations. The FTT is an important tool for combating terrorism and those who fund it. It sends a strong message to all actors that terrorism will not be tolerated and that there will be serious consequences for those who threaten the safety and security of people across the globe.

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

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