"Sound international cooperation and information exchange is critical in order to effectively tackle terrorist financing. In this regard, the G7 supports the related on-going work in FATF [Financial Action Task Force] and Egmont Group [of Financial Intelligence Units], and commits to explore whether there is scope for further improvements," the action plan read.
With a view to "put forward pragmatic proposals to address potential vulnerabilities," the economies committed to identifying existing barriers to information-sharing between their mutual financial intelligence units, as well as explore new and innovative forms of information-exchange and international cooperation.
The G7 meetings in Ise-Shima will focus on the global economy, climate change, free trade, counterterrorism, North Korea, migration flows and the situation in Ukraine, US government officials said earlier this week.
