"The FATF is the international standard setter for countering the financing of terrorism and anti-money laundering. Over 200 jurisdictions around the world have committed to the FATF's recommendations.
"Our Prime Minister, Jacinda Ardern has told the world we utterly reject terrorism.
"No terrorist act is possible without funding – for weapons, for supplies, for travel. Understanding how a terrorist or terrorist organisation raises, moves and uses its funds is critical to choking the funds and to disrupting their atrocities.
"The FATF is an intergovernmental organisation founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In the wake of the September 11, 2001, terror attacks, its mandate expanded to include terrorism financing.
(With Inputs from New Zealand Government Press Release)