Countering the Financing of Terrorism: Good Practices to Enhance Effectiveness

Since 2001, the IMF has been contributing significantly to global and domestic efforts to suppress the financing of terrorism. This is done in the context of the Fund's broader efforts to enhance the integrity of the international financial system and prevent the abuse of national financial systems by improving members' anti-money laundering and combating the financing of terrorism frameworks, with a special focus on mitigating terrorism financing risks in fragile and conflict-affected states. IMF member countries face significant challenges when it comes to improving the effectiveness of their fight against terrorism financing. This book is intended to assist antimony laundering and combating terrorism financing (AML/CFT) policy makers and practitioners in identifying key challenges and good practices for strengthening the effectiveness of counter terrorism financing frameworks.

The book's six chapters cover (1) improving the understanding of terrorist financing risks; (2) the role of the private sector in detecting and disrupting terrorist financing activities; (3) the production and use of financial intelligence to counter terrorism and terrorist financing; (4) investigating, prosecuting, and sanctioning terrorism financiers; (5) terrorism-related targeted financial sanctions; and (6) international cooperation in combating the financing of terrorism.

The book presents contributions by experts from the IMF, United Nations, Financial Action Task Force, Egmont Group of Financial Intelligence Units, INTERPOL, and Europol. See more