Language Switcher Fallback

What is the financing of terrorism?

FIU-the Netherlands defines terrorism as:

'Pursuing objectives or carrying out acts with the aim of inspiring grave fear in the population or part of the population; of unlawfully coercing a national government or an international organisation to act, not to act, or to condone something; or of severely destabilizing or destroying the fundamental political, constitutional, economic, or social structures of a country or an international organisation. This generally takes the form of violence, or the threat of violence, directed at human life'.

Section 83 of the Dutch Criminal Code states which criminal acts are categorized as terrorist crimes. Specifically financing of terrorism is penalized in section 421 of the Dutch Criminal Code.

Financing of terrorism is effectively a collective term for various acts the ultimate purpose of which is to provide the material resources to make terrorist activities possible.

Where financing of terrorism is concerned, different than in the case of money laundering, it is not so much the provenance of the money that is the issue, but the matter of by who the money is used and the purpose for which it is used. Section 1, subsection 1, sub i of the Wwft gives a definition of the financing of terrorism.

In light of the destabilizing effects of terrorist attacks, preventing offences from taking place evidently plays a major role in the fight against terrorist financing.