Charities and NonProfit Organizations
Terrorists often use legitimate charities or Non-Profit Organizations to collect and transfer funds across countries to support their activities.
Informal value transfer systems
Such as Hawala or Hundi to move funds cross border to avoid detection.
Terrorists often engage in criminal activities such as drug trafficking, extortion or smuggling to generate proceeds for their activities.
Credit card fraud, identity theft and other fraudulent activities to acquire funds.
Terrorists may use legitimate businesses, such as import-export companies, to hide the true nature of their financial transactions.
January 25, 2023 Published by AML Cube Consulting and Education. (Download PDF)