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 that seeks to prevent the financing of terrorism. The convention was adopted by the United Nations General Assembly (UNGA) in 1999 and entered into force in 2002. The treaty establishes a framework for cooperation between states in order to effectively combat and prevent cross-border terrorism financing activities. Under the FTT, nations agree to criminalize the financing of any terrorist act or terrorist group that is considered to be a threat to international peace and security. Specifically, the treaty requires states to criminalize the provision of funds, resources or services to individual terrorists or terrorist groups, as well as any attempt to solicit, receive or provide funds, resources or services for the purpose of committing a terrorist act. Currently, South Dakota is not a party to the FTT. However, South Dakota has enacted its own laws to ensure that the financing of terrorism is criminalized. South Dakota code includes specific language making it a crime to finance terrorism, as well as to solicit, receive or provide funds, resources or services for the purpose of committing a terrorist act. These laws are in line with the requirements of the FTT and help to ensure that South Dakota complies with the efforts to combat and prevent terrorist financing activities.

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

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