07:18 GMT29 February 2020
Listen Live
    Get short URL
    0 54

    The finance ministers of the Group of Seven (G7) industrial economies agreed to cooperate in combating terrorist financing, the G7 said in an action plan published Saturday.

    TOKYO (Sputnik) – The G7 finance ministers and central bank governors wrapped up their two-day meeting in Sendai, Japan, a week ahead of the May 26-27 G7 Summit in Ise-Shima.

    "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.


    It Takes Ten to Tango: ‘G7 Alone Can’t Influence World Events’
    Japanese PM's Russia Visit a Breakthrough Out of G7's Anti-Russia Vector
    G7, EU Unity Remains Vital in Approach to Russia After Putin, Abe Meeting
    terrorism, G7
    Community standardsDiscussion
    Comment via SputnikComment via Facebook