How do terrorist get their money

Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Combating the Financing of Terrorism CFT is a set of government laws, regulations, and other practices that are intended to restrict access to funding and financial services for those whom the government designates as terrorists. By tracking down the source of the funds that support terrorist activities, law enforcement may be able to prevent some of those activities from occurring.

Terrorists use different methods to finance their activities and conceal the sources of their funds, so financial regulators and law enforcement must use a variety of techniques to catch these criminals. The funds may come from legal sources, such as legitimate businesses, government funding, and religious or cultural organizations, or from illegal sources, such as drug trafficking, kidnapping, and government corruption.

The funds may also come from an illegal source but appear to come from a legal source, through money laundering. Money laundering and terrorism financing are often linked. When law enforcement is able to detect and prevent money laundering activities, it may also be preventing those funds from being used to finance acts of terror.

Combating money laundering is key to CFT. Instead of trying to catch a criminal plotting or committing an act of terrorism through other means, law enforcement officials may address the problem from the money side by pursuing the flow of funding that supports the activities. CFT policies involve investigating and analyzing suspicious financial flows and the routine surveillance and collection of vast amounts of data regarding transactions across the economy.

CFT efforts may focus on charities, informal banking activities such as hawala , and registered money service businesses, among other entities. However, most CFT policies and regulations by necessity apply broadly to entire populations and financial markets. A major goal of CFT is to curb illegal money laundering. The FATF, which is composed of 37 countries and two regional organizations the European Commission and the Gulf Co-operation Council , works to combat money laundering and the financing of terrorism through creating standardized processes to stop threats to the international financial system.

Following the FATF, world organizations, international financial institutions, and many national governments have pursued CFT initiatives and policies. At the level of international institutions and non-governmental organizations NGOs , CFT includes teaching financial investigative techniques to law enforcement, teaching prosecutors how to win money laundering cases, and training financial regulatory authorities to identify suspicious activity. At the national level, CFT efforts are essentially anti-money laundering policies.

The primary mechanism of anti-money laundering laws and regulations is to compel individuals and businesses to disclose information about financial transactions, organizational and ownership structures, and the identities of individuals and entities involved to government authorities.

Once identified, suspicious financial activities can be referred to law enforcement for prosecution, and the assets may be seized or frozen. Financial institutions play an important role in combating the financing of terrorism because terrorists often rely on them, especially banks, to transfer money. Laws that require banks to perform due diligence on their customers and to report suspicious transactions can help prevent terrorism. When there are differences in anti-money laundering and CFT laws among countries, especially when some countries offer greater financial freedom and privacy than others, proponents of CFT will pressure those countries to increase financial restrictions and surveillance on the grounds that they may otherwise allow terrorists to secretly move money.

By creating standardized procedures for the financial sector, the criminal justice system, and certain businesses and professions, terrorism financing becomes harder to hide. The main intended benefit of CFT is to disrupt and prevent the incidence of terrorist activity. An additional reason for CFT is that the use of the financial system by criminals engaged in money laundering and terrorist financing may threaten the stability of the financial system.

Site Search. Resolutions UNODC works on the legal aspects of countering the financing of terrorism, including promoting the ratification of the relevant universal legal instruments, in particular the International Convention for the Suppression of the Financing of Terrorism , and the implementation of these international standards. This entails reviews of domestic legislation to ensure proper criminalization of offences related to the financing of terrorism and legislative drafting, developing the capacity of criminal justice and law enforcement officials to investigate, prosecute and adjudicate terrorist financing through the provision of specialized training on issues related to special investigation techniques, freezing, seizing and confiscating terrorist assets, and strengthening regional and international cooperation against the financing of terrorism.

Iraq is in the process of conducting its national risk assessment on money laundering and terrorism financing using the World Bank methodology and is pursuing full Egmont Group membership. UNODC works on the legal aspects of countering the financing of terrorism, including promoting the ratification of the relevant universal legal instruments, in particular the International Convention for the Suppression of the Financing of Terrorism , and the implementation of these international standards.

United Nations Office on Drugs and Crime. By disrupting the flow of terrorist funding and by understanding the funding of previous attacks, we can help prevent attacks in the future.

We maintain relationships with a number of bodies to help drive high-level policies and cooperation to counter terrorist financing:. On a hands-on level, we seek to encourage better cooperation between financial intelligence units FIUs and police in our member countries, to encourage the sharing of intelligence and analysis.

The example below shows how our global network of countries, alerts and specialized support can lead to fast and concrete results in investigations.

One of our member countries in Europe requested assistance with a live terrorist financing investigation in which the suspect had financed the travel of family members and others to conflict zones by transferring funds valued circa EUR 18, Our specialized officers offered advice in order to streamline the investigation and liaised with four other member countries from Africa, Americas and the Middle East where funds had been transferred.

At the request of the investigating country, INTERPOL published a Red Notice for the suspect who was subsequently arrested in another, previously unconnected, member country and extradited for prosecution.

Tracing terrorist finances.