G7 pledges to clamp down on terrorist financing

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SENDAI, Japan: The G7 on Saturday pledged to clamp down on financial support for terrorist networks, with a plan to step up intelligence-sharing, freeze assets and tighten reporting rules on international transfers.

The club of wealthy nations has been cooperating to block the financial pipelines that allow terrorists to travel, plan and carry out attacks, but said that more must be done.

“Countering violent extremism and bringing perpetrators to justice remain top priorities for the whole international community,” they said after two days of talks in northern Japan.

“The G7 commits to working together to strengthen the global fight against terrorist financing,” said an action plan to be adopted by the group’s leaders who meet in Japan next week.