Enhancing International Cooperation against Terrorism Financing
By Matthew Levitt
Speaking at The Washington Institute as part of its CT speaker series, Assistant Secretary of the Treasury for Terror Finance and Financial Crime, David Cohen, highlighted three critical CFT tools. First, he noted the transparency, accuracy and redress within the UNSC 1267 designation regime and predicted the regime would withstand recent legal challenges it has faced, in Euorope in particular. Second, he highlighted the role of the Financial Action Task Force (FATF) and its efforts to establish baselines for international standards on combating illicit finance, most recently Iran. And third, he discussed the European Parliament's failure to endorse an agreement whereby the United States and its EU allies would continue to benefit from the critical counterterrorism information gleaned from the Terror Finance Tracking Program (TFTP).
A/S Cohen's full remarks are availble here.
