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G20 nations vow terror funding crackdown

  • News Desk

    AFP

Hamburg, Germany   /   Sat, July 8, 2017   /   08:00 am
G20 nations vow terror funding crackdown Against terrorism: (Left to right) French President Emmanuel Macron, US President Donald Trump, President Joko Widodo, Mexico's President Enrique Pena Nieto, German Chancellor Angela Merkel, China's President Xi Jinping, Russia's President Vladimir Putin, Britain's Prime Minister Theresa May, and Turkey's President Recep Tayyip Erdogan line up for a family photo of the participants of the G20 summit in Hamburg, northern Germany on July 7. (AFP/Tobias Schwarz)

The G20 group of major economies agreed Friday to redouble efforts to tackle the financing of extremist groups, in a rare point of agreement during a fractious summit in Germany. 

The countries issued a joint statement condemning the "scourge" of terrorism funding, and praised the work already undertaken to shut off sources of finance for illicit groups.  

"We underline our resolve to make the international financial system entirely hostile to terrorist financing and commit to deepening international cooperation and exchange of information," the statement said.  

The G20 nations urged countries to support the work of the Financial Action Task Force (FATF), a 37-member international organisation that tackles terrorist financing. 

"We call on all member states to ensure that the FATF has the necessary resources and support to effectively fulfil its mandate," they said. 

"There should be no 'safe spaces' for terrorist financing anywhere in the world." 

A growing rift between the United States and other nations over trade and climate change has turned this year's G20 summit -- a normally ripple-free event in the diplomatic calendar -- into one of the stormiest in the forum's history. (**)