(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, May 11 (KUNA) -- The United States and the Kingdom of Saudi Arabia co-led a meeting of the Terrorist Financing Targeting Center (TFTC) in Kuwait City on May 9-10.
Representatives from the seven member countries, including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, and the United States engaged in a positive and constructive meeting to discuss and approve documents outlining the TFTC's governance and processes, the Kuwaiti Foreign Ministry said in a statement on Friday.
At this meeting, member states approved, in principle, some of the TFTC's documents and will convene another meeting to finalize the remaining governing documents.
The TFTC was established in 2017 as a collaborative approach to confronting new and evolving threats 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 identify, track, and share information regarding terrorist financial networks; coordinate joint disruptive actions; and offer support to countries in the region that need assistance building capacity to counter terrorist finance threats. (end) mt