UN Action to Counter Terrorism

Section II, paragraph 10: “To encourage States to implement the comprehensive international standards embodied in the Forty Recommendations on Money-Laundering and Nine Special Recommendations on Terrorist Financing of the Financial Action Task Force, recognizing that States may require assistance in implementing them;”

Section III, paragraph 8: “To encourage the International Monetary Fund, the World Bank, the United Nations Office on Drugs and Crime and the International Criminal Police Organization to enhance cooperation with States to help them to comply fully with international norms and obligations to combat money-laundering and the financing of terrorism.”

Status: The Working Group is examining the various components of action taken to counter the financing of terrorism and will make proposals aimed at contributing to increasing the effectiveness of the implementation of international standards, including the Financial Action Task Force (FATF) Special Recommendations.

As part of its stock-taking exercise on the implementation of international standards for combating the financing of terrorism, the Working Group has conducted a series of roundtable meetings with stakeholders (banking, regulatory, intelligence, financial intelligence, law enforcement, and criminal justice experts) from various regions. It has also completed a literature and statistical review relating to implementation of international standards by Member States. The Working Group is currently compiling the findings from this research and its analysis into a report, which identifies methods of terrorist financing, measures taken to mitigate it, challenges to these measures, new approaches to the issue and forward-looking recommendations.

Working Group on Tackling the Financing of Terrorism

CTITF Entities:

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