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World leaders vowed tighter border controls, more intelligence sharing and a crackdown on terrorist financing after the Paris attacks, but there was little sign at a summit on Monday of a dramatic shift in strategy against Islamic State in Syria.
French President Francois Hollande, moving to reassure a nation stunned by its second wave of deadly attacks this year, vowed to increase spending on security, limit constitutional protections and win a war against Islamic terrorism.
The Islamic terrorist group that claimed responsibility for the devastating attacks in Paris last week is actively promoting the use of virtual currencies as a funding device, but such currencies are not more vulnerable to terrorist financing than other means, according to the head of the Financial Crimes Enforcement Network.
France bombed the Syrian city of Raqqa on Sunday night, its most aggressive strike against the Islamic State group it blames for killing 129 people in a string of terrorist attacks across Paris only two days before.
Tensions between the Iranian president, Hassan Rouhani, and more conservative authorities over the country’s nuclear agreement and its future are turning increasingly bitter, punctuated by public exchanges and growing signs of an anti-American backlash, including arrests.
Thirty minutes of terror on the streets of Paris looks to become the catalyst for a broad shift in international politics with implications that could last for years.
The sidelines of summits are full of talks between leaders, their ministers and aides, but the huddle between Barack Obama and Vladimir Putin at the Group of 20 in Turkey on Sunday was heavy with significance.
World leaders will pledge to redouble efforts to strike at the lifeblood of terrorist organizations by targeting how they are financed and the movement of foreign extremists across borders in the wake of the attack in Paris.
The value of stocks, crude oil and the European currency will likely fall this week as investors worry about what the Paris terror attacks will do to consumer confidence and key parts of the global economy.
Defying Western efforts to confront the Islamic State on the battlefield, the group has evolved in its reach and organizational ability, with increasingly dangerous hubs outside Iraq and Syria and strategies that call for using spectacular acts of violence against civilians.