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'The goal of the US Coalition was to eradicate the commercial viability of child pornography by following the flow of funds and shutting down the payment accounts that are being used by the suppliers of such illegal material.
The FCACP includes leading banks, credit card companies, third-party payment companies, and Internet services companies, who work together through a clearinghouse established to facilitate the sharing of information among FCACP companies and law enforcement.
The commercial distribution of images constitutes an average estimate of 20% of the total problem of sexual exploitation of children online.
The origin of the European Financial Coalition goes back to 2006, when the US based National Center for Missing & Exploited Children & the International Center for Missing & Exploited Children created the 'Financial Coalition against Child Pornography.
While there is no doubt that sexual abuse and exploitation of children is a serious problem, there is a lack of accurate and reliable statistics on the nature of the phenomenon and the numbers of children involved.
This is due mainly to the very significant under-reporting by victims on the one hand, and inadequate data collection mechanisms (including differences in national definitions of different child sexual abuse and exploitation offences) on the other.
In addition, FCACP members leverage their collective expertise and develop best practices to deter the online exploitation of children.
The European Financial Coalition against Commercial Sexual Exploitation of Children Online (EFC) brings together key actors from law enforcement, the private sector and civil society in Europe with the common goal of fighting the commercial sexual exploitation of children online.
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