Terrorism financing

Terrorism financing is the provision of funds or providing financial support to individual terrorists or non-state actors.

Most countries have implemented measures to counter terrorism financing (CTF) often as part of their money laundering laws. Some countries and multinational organisations have created a list of organisations that they regard as terrorist organisations, though there is no consistency as to which organisations are designated as being terrorist by each country. The Financial Action Task Force on Money Laundering (FATF) has made recommendations to members relating to CTF. It has created a Blacklist and Greylist of countries that have not taken adequate CTF/AML action. As of 3 April 2026, the FATF blacklist (High-Risk Jurisdictions subject to a Call for Action) listed three countries for AML deficits and terrorism financing: North Korea, Iran and Myanmar. The FATF greylist (Jurisdictions under Increased Monitoring) currently consists of 22 countries: Algeria, Angola, Bolivia, Bulgaria, Cameroon, Ivory Coast, Democratic Republic of the Congo, Haiti, Kenya, Kuwait, Laos, Lebanon, Monaco, Namibia, Nepal, Papua New Guinea, South Sudan, Syria, Venezuela, Vietnam, Virgin Islands and Yemen. In general, the supply of funds to designated terrorist organisations is outlawed, though the enforcement varies.

Initially, the focus of CTF efforts was on non-profit organizations, unregistered money services businesses (MSBs) (including so-called underground banking or ‘Hawalas’) and the criminalisation of the act itself.

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