46+ What Is The Difference Between Money Laundering And Terrorist Financing

46+ What Is The Difference Between Money Laundering And Terrorist Financing. Terrorist financing uses funds for an activities promoting terrorism. Terrorist financing uses funds for an illegal political purpose, but the money is not necessarily derived from illicit proceeds.

Annual Antimoney Laundering Terrorist Financing Training June 2019
Annual Antimoney Laundering Terrorist Financing Training June 2019 from slidetodoc.com
However, the money is not necessarily derived from illicit proceeds. Terrorist financing uses funds for an illegal political purpose, but the money is not necessarily derived from illicit proceeds. On the other hand, money laundering always involves the proceeds of illegal activity and the purpose of laundering the funds is to enable the money to be used legally.

The motivation for washing dirty money and financing terrorist activity is another difference which could be talked about.

On the other hand, money laundering always involves the proceeds of illegal activity and the purpose of laundering the funds is to enable the money to be used legally. While terrorist financing involves the collection or provision of funds for terrorist purposes, money laundering refers to “the process of concealing the illegal origin of profits from crime.” accordingly, the funds involved in money laundering will always be of illicit origin. What is the definition of terrorist financing? Terrorist financing uses funds for an illegal political purpose, but the money is not necessarily derived from illicit proceeds.


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