- Tracing terrorists through financial movements and preventing them from moving funds or other assets;
- Disrupting the sources of revenue used by terrorist organisations, by targeting their capacity to raise funds.
There are both short term and long term initiatives:
Prepaid cards, virtual currencies and the gaps in the EU-US Terrorism Financing Tracking Programme (TFTP) will all be tackled.
In 2017 the Commission will table a legislative proposal to reinforce the powers of customs authorities to address terrorism financing through trade in goods. Another proposal will address the illicit trade in cultural goods.
A timeline to implement these actions has been published: