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Australia signs terrorist financing convention.
JOINT STATEMENT THE MINISTER FOR FOREIGN AFFAIRS AND THE ATTORNEY-GENERAL 21 October 2001
AUSTRALIA SIGNS TERRORIST FINANCING CONVENTION
Australia has joined 60 countries in the fight against terrorism by signing the United Nations International Convention for the Suppression of the Financing of Terrorism.
When it comes into force, the Convention will allow countries to prosecute people or companies that provide or collect funds for terrorist purposes. It aims to starve terrorists of assets.
Australia has followed countries including the United States, the United Kingdom, Canada, New Zealand and France and Germany by signing the Convention.
This step complements the Coalition’s commitment to amend the Proceeds of Crime Act to allow terrorist property to be frozen and seized.
It also comes after new anti-terrorism regulations came into effect. The Charter of the United Nations (Anti-Terrorism Measures) Regulations 2001 prevent Australian citizens or people in Australia from dealing with the financial and other assets of people or entities that engage in or support terrorism. These regulations will apply to individuals and groups to be listed in the Government Gazette shortly.
These measures demonstrate the Government’s resolve to combat terrorism and to ensure rigorous measures are in place so that Australia does not become a financial haven for terrorists.
Media Contact: Catherine Fitzpatrick 0419 423 965