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PANAMA RATIFIES OAS ANTI-TERRORISM TREATY

  January 21, 2004

Panama’s government today deposited its instruments of ratification for the Inter-American Convention against Terrorism, the seventh ratification of the Organization of American States (OAS) treaty, which entered into force July 10, 2003. The treaty had been adopted by member states during the OAS General Assembly in Barbados in June 2002.

Ambassador Juan Manuel Castulovich, Panama’s Permanent Representative to the OAS, formally deposited the documents with OAS Secretary General César Gaviria during a brief ceremony.

Under the terms of the Inter-American Convention, the member states agree to adopt certain measures and to strengthen cooperation to prevent, punish, and eliminate terrorism. Among its provisions the treaty requires each state party, to the extent it has not already done so, to “institute a legal and regulatory regime to prevent, combat, and eradicate the financing of terrorism and for effective international cooperation.” The states would cooperate on measures that include a comprehensive domestic regulatory and supervisory regime for banks, other financial institutions, and other entities deemed particularly susceptible to being used to finance terrorist activities.

The treaty also provides for cooperation on border controls and cooperation among law enforcement authorities to fight terrorist activities.

Besides Panama, the other member states that have thus far ratified the Inter-American Convention against Terrorism are Antigua and Barbuda, Canada, El Salvador, Mexico, Nicaragua and Peru. Thirty-three member states have signed the treaty.


Reference: E-009/04