Tunisia Steps Up Efforts to Combat Financing of Terrorism

Tunisia has launched a program aimed at developing the capacity of its Financial Intelligence Unit (FIU) and financial sector regulators to identify, report, and deter terrorist financial activity. This initiative is implemented by the US-based non-profit organization Foundation for Sustainable Development in the World (FSVC).

Improving Financial Intelligence Capabilities

The program focuses on improving the FIU’s capacity to use international tools and standards. Key objectives include:

• Implementing an electronic platform to organize and analyze financial intelligence
• Enhancing Suspicious Transaction Reports processing
• Facilitating information exchange with reporting entities, law enforcement agencies, and prosecutors

Strengthening Anti-Money Laundering and Combating the Financing of Terrorism Regulations

The program aims to improve anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations and supervision capabilities. To achieve this, FSVC is working closely with all financial regulatory institutions in Tunisia to:

• Draft or update AML/CFT regulations
• Train supervisory staff on using AML/CFT examination tools and procedures to conduct examinations

Goal and Impact

The program’s goal is to enable the FIU and financial sector regulators to effectively identify and report terrorist financing typologies, ultimately contributing to the global fight against terrorism. With this initiative, Tunisia takes a significant step towards strengthening its financial system’s resilience against illicit activities and ensuring a safer and more secure environment for its citizens.

By improving its capabilities in combating the financing of terrorism, Tunisia demonstrates its commitment to preventing and countering terrorist threats, while also enhancing its reputation as a responsible member of the international community.