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Regional commitment to countering terrorism financing – Sydney Communique 2015

Delegates at the first counter-terrorism financing summit in the Asia Pacific region have agreed on the urgent need to maximise the use of technology in the fight against terrorism.

The Summit brought together officials and international experts from multilateral organisations and 19 countries, including from outside the region.

For the first time in official regional discussions on terrorism financing, representatives from the private sector, academia and independent think tanks also attended.

Delegates agreed that:

  • A Counter-terrorism Financing Summit will be held annually. The next summit will be hosted by Indonesia in August 2016
  • A regional terrorism financing risk assessment will be prepared by stakeholders from across the region.
  • AUSTRAC and PPATK will work with regional neighbours to produce a snapshot of current counter-terrorism financing efforts, for gauging progress and changes between the Sydney 2015 summit and the next summit in Indonesia in August 2016.
  • A regional framework will be created to help countries in this region share information faster, maximise intelligence value and detect and deter terrorist attacks.
  • The exchange program for financial intelligence analysts currently in place between Indonesia and Australia will be expanded to include more countries in the Asia-Pacific region.
  • Experts from regional government agencies, academia and the private sector will work to define common sets of definitions to ensure that, regionally, we can capitalise on the data, intelligence, technology and expertise.
  • An intelligence report, based on the summit findings, will be shared with international network of FIUs and their investigative partners.

Robust financial intelligence is crucial to thwarting the scourge of terrorism. The delegates agreed the Sydney Communique will drive tangible and demonstrable change.

Access the Sydney Communique on the 2015 CTF Summit page.

Last modified: 18/11/2015 16:53