The convention also seeks to promote police and judicial co-operation to prevent, investigate and punish the financing of such acts.
Article 2.1 defines the crime of terrorist financing as the offense committed by "any person" who "by any means, directly or indirectly, unlawfully and willfully, provides or collects funds with the intention that they should be used or in the knowledge that they are to be used, in full or in part, in order to carry out" an act "intended to cause death or serious bodily injury to a civilian, or to any other person not taking an active part in the hostilities in a situation of armed conflict, when the purpose of such act, by its nature or context, is to intimidate a population, or to compel a government or an international organization to do or to abstain from doing any act.
Moreover, state parties commit themselves not to use bank secrecy as a justification for refusing to co-operate in the suppression of terrorist financing.
It has not been ratified by Burundi, Chad, Eritrea, Iran, Somalia and Tuvalu.
[3] On January 31 2024 the International Court of Justice found Russia guilty of violating the Terrorist Financing Convention and International Convention on the Elimination of All Forms of Racial Discrimination.