Skip to main content /WORLD
CNN.com /WORLD
SERVICES
CNN TV
EDITIONS


G-7 nations vow to target terrorists' finances



WASHINGTON (CNN) -- The United States' wealthiest allies agreed Tuesday to "block the assets of terrorists and their associates," a move that follows President Bush's executive order freezing U.S. assets of such people.

"We will integrate these action plans and pursue a comprehensive strategy to disrupt terrorist funding around the world," read a statement released by G-7 finance ministers.

The finance ministers for the nations -- the United States, Japan, Germany, Britain, France, Italy and Canada -- said they would meet in the United States in early October to review "economic developments" and their strategy in targeting terrorists' funds.

Attack on America
 CNN.COM SPECIAL REPORT
 CNN NewsPass Video 
Agencies reportedly got hijack tips in 1998
 MORE STORIES
Intelligence intercept led to Buffalo suspects
Report cites warnings before 9/11
 EXTRA INFORMATION
Timeline: Who Knew What and When?
Interactive: Terror Investigation
Terror Warnings System
Most wanted terrorists
What looks suspicious?
In-Depth: America Remembers
In-Depth: Terror on Tape
In-Depth: How prepared is your city?
 RESOURCES
On the Scene: Barbara Starr: Al Qaeda hunt expands?
On the Scene: Peter Bergen: Getting al Qaeda to talk

The ministers said they would "ensure that no stone goes unturned in our mutual efforts to wage a successful global campaign against the financing of terrorism."

The statement followed a conference call among the finance ministers, including U.S. Treasury Secretary Paul O'Neill.

On Monday, Bush signed an executive order that freezes U.S. assets of people and groups that support terrorism.

Bush said the order immediately freezes the assets and prohibits transactions with 27 different entities, including individuals, corporations and groups.

"We will starve the terrorists of funding," Bush said.



 
 
 
 



RELATED SITES:
See related sites about World
Note: Pages will open in a new browser window
External sites are not endorsed by CNN Interactive.

WORLD TOP STORIES:

 Search   

Back to the top