Global finance ministers, seeking common ground with a Trump administration that has threatened to shake up Washington’s traditional trade and geopolitical relationships, are looking to work closely with the new administration on a top priority for the White House: Combating terror finance.
Finance ministers meeting in Washington, D.C., for a semiannual conference on the global economy are hoping that shared interest could help build diplomatic bridges to an administration that has criticized trade partners and global institutions such as the International Monetary Fund.
U.S. Treasury Secretary Steven Mnuchin named fighting financing for terror a core part of his mandate.
“Targeting and dismantling the financial networks of terrorist organizations is a top U.S. priority, and improving anti-money-laundering and counter terrorist financing systems is critical to this goal,” the secretary said Friday in prepared remarks to the IMF’s governing board. “It is really some of the most important work we have done and has been instrumental to what we’re doing in North Korea, in Syria, in Iran and in many other parts of the world,” Mnuchin said Thursday at an Institute of International Finance policy summit.
Foreign governments see that priority as an opportunity to promote cooperation with an administration that sometimes strikes an adversarial stance.
An expanded version of this report appears at WSJ.com.
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