The Terrorist Financing Convention
The International Convention for the Suppression of the Financing of Terrorism provides a legal framework for the curtailment of the funding of terrorist organisation by private individuals. The Convention designates the act of transferring funds to an organisation that engages in acts of violence intended to seriously wound or kill civilians who are not engaged in armed conflict in order to deter an international organisation or a state as a breach of the Convention. If such an activity within the borders of one state, by the nationals of said state, the Convention does not apply and domestic law prevails. Significantly, the Convention advises the involved parties to ensure that they have sufficient capabilities to detect and seize funds which may be used for the financing of terrorist organisations. It lastly encourages international judicial cooperation over the handling of terrorism financing cases and the use of seized funds by parties to compensate families who have lost relatives from acts of terrorism. To date the Convention has 187 parties and is therefore one of the most universally accepted treaties designed to counter acts of terrorism.