The Terrorist Finance Tracking Programme has been properly put in place

The second EU-US review of the implementation of the Terrorist Finance Tracking Programme (TFTP) shows that more than two years after its entry into force, this Programmes and its safeguards have been properly put in place. Nevertheless, the review pointed out that the on-going process of deleting data older than 5 years is an issue that requires further monitoring.

The second EU-US review of the Terrorist Finance Tracking Programme (TFTP) and its safeguards shows that they have been properly put in place. In addition, the European Commission presented the report to the European Parliament and the Council in view of discussing its main findings. In July 2011, Commission announced the establishment of European Terrorist Finance Tracking System.

According to the Commission, recommendations presented in the first report of 2011 have to a large extent been followed up, thus improving the implementation of the agreement. In particular, significant further improvements have been carried out, especially of the verification and oversight functions, including with a reinforcement of the team of the overseer. In part, these functions go beyond what is required in the agreement.

With regard to the adequate put in place of the TFTP, an example is the Breivik case in Norway. There, TFTP-based information helped Norwegian and other European investigators including Europol to, within hours, identify the channels through which Breivik collected and moved the funds used for the preparation of his vicious attacks. Moreover, based on the TFTP data collected in the Breivik case, Finnish authorities were able to arrest a person pursuing similar terrorist objectives before he was able to put them into practice. The report also highlights other examples of cases in which TFTP has provided key leads.