Terrorism financing involves the collection or provision of funds with the intention to support terrorist acts or organised groups. The funds may derive from both legal and illegal sources and activities, including drug trafficking. Funds are often moved across concealed and unregulated channels.
The main regulatory provisions in relation to terrorism financing are the Terrorism Act 2000 and part 2 of the Criminal Finances Act 2017. The offences naturally overlap with money laundering and corruption.
It is not uncommon to find that the police will try to link cryptocurrency or online money transactions, such as PayPal, to possible terrorist activity. On a larger scale, high value transatlantic money transactions could be made unknowingly to sanctioned names and businesses and find an investigation
Whether you are concerned about an upcoming investigation or have been accused of an offence, Nicholls & Nicholls can provide legal advice in relation to all risks and allegations of terrorism financing.
We also offer expert training to help your company protect itself from related money laundering offences and implement adequate policies and procedures.
Learn more about our Business In-House Legal Training.
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