Terrorist financing
Terrorist financing is the provision or collection of funds or other resources for terrorist activities as defined by applicable law. It can involve funds from legitimate as well as criminal sources. Professionals apply relevant due diligence, reporting and legal requirements according to jurisdiction and facts.
Worked example
A firm identifies suspicious transfers involving a client and follows its escalation and reporting procedures under applicable law.
Common mistake
Do not assume terrorist financing always involves proceeds of an earlier crime or that all suspicions have the same reporting route.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AAA (INT) | Supporting | September 2026–June 2027 |