PARIS: Countries must work together to combat the financing of terrorism, the president of the international terrorist financing and money-laundering watchdog FATF, told AFP on Tuesday.
“The terrorists respect no border. They have no limit. So countries cannot have the luxury of not working together. We need to cooperate,” said Elisa de Anda Madrazo ahead of a gathering on combatting terrorism financing on the sidelines of the G7 finance ministers’ meeting in Paris.
The Financial Action Task Force (FATF), based in the French capital, is an international body that reviews efforts by more than 200 countries and jurisdictions to prevent money laundering and terrorism financing.
It compiles a “grey list” of nations that are subject to increased monitoring of financial transactions.
De Anda Madrazo’s comments come as international cooperation and multilateral tactics have taken a hit due to hardening stances of major powers, in particular the United States, Russia, and China.
