NCJ Number
211050
Date Published
2005
Length
29 pages
Annotation
This report presents the chapters and articles of the International Convention for the Suppression of the Financing of Terrorism that were agreed upon by the member states of the Council of Europe in 2005.
Abstract
The Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism agreed on the need to deprive criminals of the proceeds from their crimes and, toward this end, outlined the rules under which government authorities may confiscate criminal properties and proceeds. Chapter 1 explains the terms used in the Convention while chapter 2 outlines how the Convention is to be applied to the financing of terrorism. Chapter 3 describes the measures to be taken at the national level, including the investigative powers and techniques allowable and confiscation measures to be used. The establishment of financial intelligence units (FIUs) is required by each party of the Convention and the measures each party should take to prevent money laundering are described. Chapter 4 turns attention to the issue of international cooperation and includes sections on the principles of international cooperation, as well as on the investigative assistance obligations of member states. The obligations to take provisional measures and to confiscate are outlined, as are the grounds for the refusal or postponement of international cooperation. The notification and protection of third party rights are addressed before chapter 5 turns to a description of cooperation between FIUs. Chapter 6 looks at monitoring mechanisms and the settlement of disputes while chapter 7 outlines the final provisions of the International Convention for the Suppression of the Financing of Terrorism. Appendix