PARIS – International Monetary Fund (IMF) managing director ChristineLagarde, left, listens as French Economy Minister Bruno Le Maire speaksduring the “No money for terror” conference at the Organization forEconomic Cooperation and Development (OECD) in Paris Thursday, April 26,2018.
More than 70 countries including Pakistan have committed to reinforcingtheir domestic and collective efforts to combat financing for the IslamicState group and al-Qaida.
Participants at an international conference in Paris agree in a finaldeclaration it is necessary to “fully criminalize” terror financing througheffective and proportionate sanctions “even in the absence of links with aspecific terrorist act.”
The event was convened by French President Emmanuel Macron to coordinateefforts to reduce the terror threat in the long term.
Participants called for better information-sharing between intelligenceservices, law enforcement, financial businesses and the tech industry.
They also agreed to improve the traceability of funds going tonon-governmental organizations and charity associations.
Participants say a similar conference will be held next year in Australia.