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 between nations that aims to reduce the funding of terrorist activities. It was adopted by the United Nations in 1999, and as of 2019, it has been ratified by more than 150 countries. The convention requires its signatories to criminalize the funding of terrorist activities, and to cooperate with other countries in preventing and suppressing the financing of terrorism. It also calls for the seizure of terrorist funds and other assets, the sharing of information on terrorist financing, and the adoption of appropriate measures to freeze or block the use of funds by terrorists. The FTT establishes some other measures as well, such as the establishment of an effective system of monitoring and exchanging financial information, as well as a mechanism for investigating and prosecuting those who finance terrorism. It also encourages countries to create laws and regulations specifically targeting terrorist financing. In Washington, D.C., the International Convention for the Suppression of the Financing of Terrorism (FTT) is enforced by the Department of Homeland Security, the Department of Justice, and other federal agencies. The FTT is an important part of international efforts to combat terrorism and strengthen global security.

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

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