The Counter-Terrorism Financing (CTF) Summit 2016 will bring together leaders and experts in counter terrorism financing and financial intelligence from around the world.
Co-hosted by Pusat Pelaporan Dan Analisis Transaksi Keuangan (PPATK) and AUSTRAC, Australia’s financial intelligence agency, this year’s CTF Summit will build upon the success of the inaugural 2015 CTF Summit hosted in Sydney by AUSTRAC. It began the process of developing regional solutions to terrorism financing issues and risks.
The 2016 CTF Summit provides an opportunity for senior CTF leaders and experts to:
- work together to identify and understand the full extent of the threats posed by terrorism financing in our region
- collaborate and share financial and other intelligence to identify and counter threats posed by terrorism financing
- share effective techniques deployed in relevant jurisdictions to counter terrorist revenue and funding streams entering formal financial markets
- leverage public private partnerships in countering the threats of terrorism financing to strengthen financial markets and regional and global security
- maximise the role of technology in identifying and disrupting terrorism financing.
The Nusa Dua Statement
The Nusa Dua Statement reflects on the success of the 2016 CTF Summit and outlines the roadmap for action ahead of the next Summit in Malaysia in 2017.
The Nusa Dua Statement (PDF, 376KB)
Regional risk assessment on terrorism
financing 2016
Australia’s financial intelligence agency, AUSTRAC, and its Indonesian counterpart financial intelligence unit, Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK), co-led the research and development of the regional risk assessment, with contributions from the FIUs of Malaysia, the Philippines, Singapore and Thailand.
The assessment will support future efforts to understand our region’s terrorism financing risks and where appropriate, coordinate actions to respond.
The regional risk assessment identifies primary terrorism
financing risks from across a broad spectrum of risks assessed, which the 2016 Summit
Tackling the financing of terrorism
Terrorism financing underpins and enables the work of extremists, putting us all at risk.
AUSTRAC’s financial intelligence assists in preventing terrorism by helping to stop the funding of attacks and operations.
AUSTRAC develops financial intelligence by tracking funds that:
- help establish and maintain terrorist groups
- maintain terrorist groups and the networks connecting them
- support the less obvious aspects of a group’s operations, such as living expenses, travel, training, propaganda activities, and compensation for wounded fighters or the families of terrorists who have died.
Terrorism financing can be difficult to detect. Developing relationships with our financial intelligence counterparts throughout the world—particularly in our region—helps to deliver a coordinated, international response to this transnational threat.
By working together we can disrupt and dismantle the sources and networks that help finance terrorist organisations and terrorist attacks.
We are committed to continually building public-private partnerships and using the latest technology to disrupt terrorism financing.
At the same time, we can build confidence in our financial markets and strengthen our regional security.
See Terrorism financing in Australia 2014 for further detail.
Outcomes from the CTF Summit 2015
The Sydney Communique that was produced from the 2015 Summit outlines the commitments made by AUSTRAC and PPATK. We are on track to deliver all of the objectives set in Sydney last year.
A major milestone to come from the first CTF Summit in Sydney is the delivery of the first Regional Risk Assessment on Terrorism Financing, which will be presented at this year’s Summit.
In addition, a framework for collaboration and intelligence sharing on priority risk and threats has also progressed to an advanced development stage.
Further information
The CTF Summit is an invitation-only event. Media representatives are invited to register their interest for the event. See the media registration form for further details.
For further information about AUSTRAC’s work with PPATK since 2002, see International assistance and training.
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