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 adopted by the United Nations in 1999. It is one of the most important steps taken to combat terrorism collectively by the international community. The FTT aims to prevent the flow of funds that are used to finance terrorist activities. The agreement requires that signatory countries actively prevent and suppress the financing of terrorism by enacting laws and regulations that criminalize the provision of funds that are intended to be used for terrorist operations. This includes not only the financial support of terrorist organizations, but also of individuals or groups that are suspected of being affiliated with terrorist activities. The FTT also encourages countries to share information on potential sources of terrorist financing, as well as on measures that can help to control and combat terrorist financing. The agreement also requires that countries report suspicious activities to international anti-money laundering organizations. Enforcement of the FTT is conducted on a regional basis. Different countries participate in regional agreements, such as the South Asian Association for Regional Cooperation (SAARC). The United States and India are both participants in the SAARC and have agreed to the FTT. FTT is an important step taken towards combating terrorism and protecting the safety of the citizens of Indiana. International cooperation and understanding are essential in order to fully tackle the issue of terrorism. The FTT helps to ensure that terrorist activities, which aim to instill fear and terror, cannot be funded and that financial sources of terrorism can be tracked and monitored.

Related FAQs

What is the International Criminal Tribunal for the former Yugoslavia (ICTY)?
What is the World Bank?
What is the International Convention on the Protection of the Rights of All Migrant Workers and Members of Their Families (CMW)?
What is the International Tribunal for the Law of the Sea (ITLOS)?
How does international law affect domestic legal systems?
What is the International Convention on Biological Diversity (CBD)?
What is the World Trade Organization (WTO)?
What is the International Convention for the Suppression of the Financing of Terrorism (TBT)?
What is the International Law of State Responsibility for Injuries to Aliens?
What is international economic law?

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

Related FAQs

Related Blog Posts