Terrorist Financing

Question 1

CFT stands for

Answer 1

Countering the financing of terrorism

Question 2

Difference between ML and TF

Answer 2

The difference between them is the source of funds and who the ultimate beneficiaries are

Question 3

Terrorist financing

Answer 3

• supports a political purpose
• money is not necessarily derived from illegal activities
• Individuals who raise the funds are not necessarily the beneficiaries.
• the terrorist activity Is the direct beneficiary
• funding is also used for living expenses

Question 4

MONEY LAUNDERING ALWAYS INVOLVES

Answer 4

proceeds from illegal activities

Question 5

Hawala system

Answer 5

trusted individuals outside of the legitimate banking system