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 was signed by Georgia and other nations around the world. The FTT is meant to halt the financing of terrorism by criminalizing the provision of finances, resources, or services to terrorists and terrorist groups. The convention focuses on four main areas: prevention of the financing of terrorism, criminalization of the act of financing terrorism, confiscation of the proceeds of terrorist financing, and international cooperation. These four areas help to ensure that terrorist organizations cannot receive the necessary financing to carry out their activities. The convention specifies certain obligations that Georgia is expected to fulfill. Firstly, Georgia must make it a criminal offense to finance terrorism as a part of their domestic legal system. Additionally, Georgia must establish international cooperation with other countries in order to share information on potential terrorist financing. Finally, the FTT requires Georgia to provide assistance to other countries and international organizations that are affected by terrorist financing. This could include helping other countries to confiscate property that has been used for terrorist activities or providing them with technical assistance on how to monitor financial transactions. In summary, the International Convention for the Suppression of the Financing of Terrorism (FTT) is an international agreement that is designed to criminalize terrorist financing and help countries to cooperate in preventing terrorist activities by halting the flow of funds. Georgia is expected to fulfill certain obligations, such as criminalizing the act of financing terrorism and providing help to other countries that are affected by terrorist financing.

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

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