BRICS Seminar on Targeted Financial Sanctions Related to Terrorism and Terrorist Financing Successfully Held
On 19 April 2022, the BRICS Seminar on Targeted Financial Sanctions Related to Terrorism and Terrorist Financing was held via video link. It was chaired by Minister Counsellor Yao Shaojun from the Department of External Security Affairs of the Ministry of Foreign Affairs of China, and attended by government officials and experts from BRICS countries responsible for international financial cooperation and countering terrorist financing.
China holds BRICS chairmanship this year. The seminar, initiated by the Chinese side, was jointly organized by the Ministry of Foreign Affairs of China and the People’s Bank of China. It was a thematic event under the framework of the 7th Meeting of BRICS Counter-Terrorism Working Group.
In light of their respective national conditions, BRICS partners had an in-depth exchange of views on the legal framework, policy measures, institutional setup and operation procedures of targeted financial sanctions against designated terrorist organizations and individuals based on relevant FATF recommendation, with the aim of implementing relevant UN Security Council counter-terrorism resolutions. Practical suggestions for future cooperation were also presented at the seminar.
(Source:Ministry of Foreign Affairs of the People's Republic of China)