Terrorist Financing

Terrorist financing refers to the process of providing funds or resources to support terrorist activities. It involves the illicit movement of money, assets, or other forms of value to enable acts of terrorism, including planning, recruitment, training and the execution of terrorist acts.

To combat terrorist financing, AML measures are essential. Financial institutions and authorities work together to detect and prevent suspicious transactions and report them to relevant authorities. By implementing strict AML procedures, such as transactional monitoring and customer due diligence, the aim is to disrupt the financial networks that fund terrorism and ensure that the individuals and entities involved are prosecuted.