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 You are in: Under Secretary for Economic, Energy and Agricultural Affairs > Bureau of Economic, Energy and Business Affairs > All Remarks and Releases > Other Releases > 2004

Joint Report to the U.S.-EU Foreign Ministers Troika by the Chairmen of the Dialogue on Terrorism Finance Issues

The Declaration on Combating Terrorism agreed at our June 2004 summit at Dromoland Castle ratified a wide-ranging set of counter-terrorism initiatives including a commitment to establish a regular dialogue on terrorism finance between the European Union and the United States.

As an initial step toward implementing this commitment, the Dutch Presidency hosted an EU-wide conference on terrorism finance last September in Brussels, at which representatives of the United States, as well as of other third countries and of international organizations including the United Nations, also participated.

Following those meetings, delegations representing the EU Troika and the United States Government agreed to establish an informal, ad hoc dialogue on terrorism finance issues under the joint chairmanship of the Presidency and the Department of State. We also agreed to:

  • Encourage sharing of information, experience and best practices among practitioners in the field of counter-terrorism finance, and to that end organize a series of practitioners' workshops aimed at bringing together experts from judicial and designation authorities in Europe and the United States.
  • Support and reinforce joint U.S.-EU action to implement the Financial Action Task Force (FATF) Special Recommendations on terrorist financing, particularly those on cash couriers and non-profit organizations.
  • Explore options for joint technical assistance initiatives in priority countries.

Our meetings in September marked the beginning of a fruitful series of discussions. In the following months:

  • The Dutch Presidency and the U.S. Department of Justice, in cooperation with Europol, organized a practitioners' workshop for prosecutors and financial investigators. Participants have agreed to organize similar joint workshops during each EU Presidency, to work toward developing and adopting best practices for investigation and prosecution of terrorist financing cases, and to increase communication and cooperation in this area among EU member states, Europol, Eurojust and the United States.
  • The European Commission hosted a roundtable aimed at developing an action plan to regulate non-profit organizations, to which it invited and welcomed the contributions of the Department of the Treasury.
  • The Department of State extended an official invitation for participation by EU experts in its future technical assistance missions to priority countries in the field of counter-terrorism finance.

These actions and our ongoing discussions make it clear there is strong impetus for developing joint initiatives and shared approaches to terrorism finance issues. During the Luxembourg Presidency, we look forward to:

  • Planning and organizing two events for counter-terrorism finance practitioners, one to continue the workshops for prosecutors and investigators of terrorism financing cases, the other aimed at bringing together experts involved in the processes of designating financiers of terrorism.
  • Deepening our discussions of the FATF Special Recommendations on Terrorist Financing, particularly SR III on freezing and confiscation of terrorist assets, SR VII on wire transfers and SR VIII on non-profit organizations.
  • Taking initial steps to coordinate our technical assistance to priority countries with the aim of enhancing cooperation, reducing duplication and increasing overall levels of assistance.

We anticipate continuation of the informal, ad-hoc dialogue during the Luxembourg Presidency to review progress on implementing the Dromoland commitments on terrorism finance and to further intensify our cooperation through the dialogue and its constituent initiatives, with a special focus on the process of developing and implementing effective sanctions regimes against financiers and other supporters of terrorism.

Released by the Joint Chairmen:
U.S. Department of State: E. Anthony Wayne, Assistant Secretary for Economic and Business Affairs and

EU Presidency: Jaap L. Werner, Director, Political Affairs Department, Netherlands Ministry of Foreign Affairs

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