G20 finance ministers and central bankers on Sunday called for continued attention on combating money laundering and terrorist financing.

"International cooperation should be enhanced in order to protect and stabilize financial systems worldwide," the group of 20(G20) ministers said in a statement issued at the end of its two-day meeting here.

Ministers said the recent terror attacks in Indonesia, Russia, Spain and other parts of the world have "confirmed that the fight against terrorism remains a global challenges".

"Identifying and cutting off the various mechanisms of financing terrorism is an important contribution to interfere withthe preparation of terrorist activities at an early stage," they said.

The G20 members agreed that counter-strategies against the financial abuse should be developed "on a long-run, systematic basis", and they committed to continue working closely on these issues with the Financial Action Task Force on Money Laundering (FATF).

G20 members promised to address illegal activities through "intensified monitoring and investigation" by authorities and should"apply appropriate sanctions" if necessary.

Source: Xinhua