Definition of «terrorist financing»

Terrorist financing refers to the practice of raising, providing or obtaining funds to support terrorism. This can involve a variety of activities such as soliciting donations from individuals or organizations, engaging in criminal activity like drug trafficking or kidnapping for ransom, receiving funding from foreign governments or extremist groups, and using legitimate businesses or charities as fronts to launder money. The goal is to secure the necessary resources needed to carry out terrorist attacks, recruit new members, and support ongoing operations. Terrorist financing is a critical component of any terrorist organization's infrastructure, and efforts to disrupt it are an important part of counter-terrorism strategies.

Sentences with «terrorist financing»

  • Although the potential sanctions risks associated with cryptocurrencies are similar in some respects to money laundering and terrorist financing risks that have garnered attention recently, they present some unique challenges. (cryptotimes.news)
  • * That they have a written compliance plan in place that includes measures to address counter terrorist financing. (remonline.com)
  • In evaluating assertions about the bitcoin blockchain's use as a means of terrorist financing, it's important to separate the rhetoric from the reality. (bitfury.com)
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