Emergency meeting on terrorist funds

US - An international taskforce is to hold an emergency meeting in Washington to decide what can be done to trace and block terrorist funds.

US Treasury Secretary Paul O'Neill will open the three-day meeting of the 29-nation strong Financial Action Task Force (FATF).

The FATF - whose mandate is how best to combat money laundering - will announce its conclusions at a press conference on Wednesday.

This is the first time the 12-year-old organisation has called an emergency meeting, prompted by the

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