Terrorism financing

The act of donating finances to individual terrorists or non-state actors is referred to as "terrorism funding."

The majority of nations have enacted legislation to combat the funding of terrorism, which is typically included in their laws against money laundering. Some nations and international organisations have compiled a list of organisations that they consider to be terrorist organisations. However, there is no uniformity in the designation of which organisations are considered to be terrorist groups from nation to nation. In relation to the CTF, the Financial Action Task Force on Money Laundering (FATF) has provided members with suggestions. It has compiled a Blacklist and a Greylist of nations that have not adequately responded to the CTF's recommendations. As of the 24th of October, 2019, the FATF blacklist (Call for action nations) only listed two countries for terrorism financing: North Korea and Iran. However, the FATF greylist (Other monitored jurisdictions) had 12 countries: Pakistan, Bahamas, Botswana, Cambodia, Ghana, Iceland, Mongolia, Panama, Syria, Trinidad and Tobago, Yemen, and Zimbabwe. It is against the law to provide financial support to groups that have been recognised as terrorist organisations; nevertheless, execution of this rule might vary.

At first, the activities of the CTF concentrated on not-for-profit organisations, unregistered money services companies (MSBs) (including so-called underground banks or Hawalas) and the criminalization of the act itself.