Finance ministers and central bankers from the G-7 kick off meetings in Japan on May 20 as they look to breathe life into the wheezing global economy. AFP / KAZUHIRO NOGI
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The world's major industrialized nations are set to agree Saturday to adopt a series of practical measures to improve the international fight against terrorist financing. U.K. Chancellor of the Exchequer George Osborne and French Finance Minister Michel Sapin are leading the push to agree on four key measures at the Group of Seven finance ministers meeting in Sendai, in northern Japan, according to an official at a G-7 member who declined to be named because the talks are private.These include enhancing G-7 information exchange and cooperation, assessing appropriate changes to international standards on counterterrorist finance, ensuring the best use of existing financial sanctions and reinforcing the work of the Financial Action Task Force, according to the official.Global institutions including the G-7, G-20 and International Monetary Fund are stepping up their efforts to clamp down on terrorist financing after deadly attacks in France and elsewhere galvanized leaders to act.
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