The Group of Seven major economies agreed Saturday to more aggressive action to fight financing of terrorism and violent extremism that are a threat to global stability, AP reported. Finance leaders of the G7 issued an "action plan" following talks in northern Japan calling for increased exchanges of information on financial intelligence, reducing the level of cross-border transactions subject to disclosure and collaborate on targeted sanctions for terrorists' financial networks. The announcement followed two days of talks ahead of a G7 summit in central Japan's Ise region next week. The officials spent Friday discussing ways to use monetary policy, government spending and longer-term reforms to help support growth.
