Key Stages Of Terrorist Financing

The key stages of terrorist financing are commonly described as raising funds, moving them, and using them. Understanding the sequence matters less than knowing which part of it you can observe.

Raising happens outside your systems. Donations, legitimate business income, criminal proceeds, or a mix. You will not see it.

Using happens outside your systems too, and by then it is a matter for law enforcement.

Moving is the stage that passes through banks, remitters, professional services and increasingly through other businesses. That is where transaction monitoring, customer due diligence and suspicious matter reporting do their work.

Training that spends its time on the geopolitics and little on the moving stage teaches people something interesting and leaves them unable to recognise the one part they will actually encounter.

AUSTRAC sets the reporting obligations. This is general information rather than legal advice, and obligations vary by state and territory.

See Sentrient’s AML CTF training course and AML CTF training for professional services.