August 11 2016
Country representatives participating in the second Counter-Terrorism Financing Summit agreed on Thursday to a Nusa Dua Statement for stronger collaboration on countering terrorism financing. In the statement, they also emphasize that governments cannot work alone to protect financial systems and regional security from terrorism and its financiers. Therefore, they must enhance international cooperation with industry, civil society and the community in devising and adopting effective measures to prevent terrorism financing, as well as to share knowledge and promote collaboration.
All delegates commit to promote stronger collaboration and innovation in countering terrorism financing through several attempts. These include operationalising the Terrorism Financing Regional Risk Assessment (TFRRA), strengthening regional cooperation on intelligence information exchanges, establishing a community outreach consultative group, continuing to build technical capability and consistency to maximize regional and global capacity to counter terrorism financing and prevent the misuse of technology as a potential means for terrorist financing.