France Leads Group of Seven Push to Take on Terror Financiers

By Irene Madongo

G-7 finance ministers on Friday weighed measures to tackle the financing of terrorism, including steps to streamline asset freezes and clamp down on grassroots donations to extremist groups. At a press conference that centered on tax evasion and tax avoidance, German Finance Minister Wolfgang Sch?¤uble called for greater cooperation among financial institutions on combating terrorist financing. The statement followed the conclusion of a 2-day meeting in Dresden by the group. French officials in particular urged attendees to expedite their countermeasures, according to a source in Germany who asked not to be named. In the aftermath of this year's terrorist attacks...