What is terrorist financing and how is it different from money laundering?
Terrorist financing is the term used to describe the process by which criminals raise money through either legal or illegal means to fund terrorist activities. It is important to note that terrorists often use legal enterprises to conduct their business and raise finances. The primary difference between terrorist financing and money laundering is intent. While most criminals strive for an ultimate goal of achieving monetary gain, terrorists do not maintain monetary gain as their end objective. Instead, terrorists typically seek as their ultimate goals political power, influence and publicity for their predicate causes. While terrorist financing transactions may appear similar to those undertaken by money launderers, terrorist financing transactions tend to be smaller and much less observable than the typical money laundering transactions. A large amount of terrorist financing comes from fundraisers whose contributors may or may not be aware of the actual intended purpose of their fundr
