More than 70 countries including Pakistan commit to combat terror financing
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PARIS - International Monetary Fund (IMF) managing director Christine Lagarde, left, listens as French Economy Minister Bruno Le Maire speaks during the "No money for terror" conference at the Organization for Economic Cooperation and Development (OECD) in Paris Thursday, April 26, 2018.
More than 70 countries including Pakistan have committed to reinforcing their domestic and collective efforts to combat financing for the Islamic State group and al-Qaida.
Participants at an international conference in Paris agree in a final declaration it is necessary to "fully criminalize" terror financing through effective and proportionate sanctions "even in the absence of links with a specific terrorist act."
The event was convened by French President Emmanuel Macron to coordinate efforts to reduce the terror threat in the long term.
Participants called for better information-sharing between intelligence services, law enforcement, financial businesses and the tech industry.
They also agreed to improve the traceability of funds going to non-governmental organizations and charity associations.
Participants say a similar conference will be held next year in Australia.
