The Global Center, in cooperation with the Permanent Mission of France to the United Nations, convened a group of experts to discuss the development and implementation of effective and targeted countering the financing of terrorism (CFT) measures in accordance with human rights and financial inclusion principles and inform ongoing discussions regarding CFT, including an upcoming UN Security Council open debate on the topic. The meeting included representatives of UN counterterrorism-adjacent entities, member states, the private sector, and civil society organizations.
The meeting note discusses addressing financial inclusion (or de-risking) consequences of CFT measures, assessing compliance with international human rights law in the application of CFT measures, and supporting procedural reforms and application of UN sanctions regimes in conformity with the rule of law. The note also emphasizes how the focus on preventing terrorism-related financing is negatively affecting financial transparency and reducing the availability of critical information to support terrorism investigations and prosecutions, as well as the need to maximize the benefit of alternative financial services while ensuring appropriate safeguards against their abuse.
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