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To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center. Visit other CBS Interactive sites: Select SiteCBS CaresCBS FilmsCBS RadioCBS. Under the Spanish Presidency of Mr. Juan Manuel Vega-Serrano, the first Plenary meeting of Plenary year FATF-XXVIII was held. Revision of the interpretive note to Recommendation 5 on criminalising terrorist financing to ensure oil and other key sources of funds are included. Efforts to combat terrorist financing In July 2016, the FATF reported to G20 on its ongoing work to tackle terrorist financing, including the effective implementation of measures to criminalise terrorist financing and freeze terrorists’ assets since the February 2016 meeting. The G20 welcomed this progress and called for swift and effective implementation of FATF standards worldwide as a priority.
The FATF continues to prioritise work to strengthen the understanding of the terrorist financing threats, maintain up-to-date and effective tools to identify and disrupt terrorist financing and ensure that countries are appropriately and effectively implementing these tools. Approval of a joint FATF-GABAC-GIABA report on Terrorist Financing in West and Central Africa In 2013, the FATF and GIABA published a report on terrorist financing in West Africa. Continuing violence in the West and Central African Region have made this area particularly vulnerable to terrorism and three years after the last study, Boko Haram has developed as one of the deadliest terrorist organisations in the region. Da’esh methods to raise, move and use funds, remains an important tool to disrupt their access to funding and deprive them of the ability to finance terrorist attacks. The FATF continues to monitor closely and analyse developments in this regard. Revision of the interpretive note to Recommendation 5 on criminalising terrorist financing.