KUWAIT CITY –On March 4-5, the United States and Saudi Arabia co-led a meeting of the Terrorist Financing Targeting Center (TFTC) in Kuwait City, Kuwait. Representatives from the seven member countries, which include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, and the United States, met and engaged in positive and constructive discussions regarding governance and general procedures of the Center which will lay the groundwork for future multilateral efforts to combat shared terrorist financing threats.
The TFTC was established in 2017 as a collaborative approach to confronting new and evolving threats arising from terrorist financing. The TFTC represents a new and creative response that leverages existing tools and formalizes cooperation between the United States, Saudi Arabia and partners in the Gulf to counter this threat. The TFTC’s goals are to: 1) identify, track, and share information regarding terrorist financial networks; 2) coordinate joint disruptive actions, and; 3) pursue capacity building assistance to counter terrorist financing threats.