Terrorist Financing

Money laundering is always about money received for illegal activity. Terrorist financing however may use legitimate funds for illegal activities.

Terrorists wish to disguise the link between their funding source and themselves so many of the layering techniques are used. Key suspicious items:

  • Account holders name on a list of suspected terrorists

  • Frequent large cash deposits in a non-profit’s account

  • High volume of transactions

  • Lack of clear relationship between activity and account holders business

  • Large cash deposits followed by frequent withdrawals until the funds are depleted

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