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What is terrorism financing?

Terrorism financing is a collective name for various actions whose ultimate purpose is to provide the material means to make terrorist activities possible.

In Dutch law, terrorism financing is a criminal offence under Article 421 of the Dutch Criminal Code. FIU- the Netherlands defines terrorism as:

“Pursuing objectives or carrying out acts with the intention of inspiring serious fear in the population or part of the population; of unlawfully coercing a national government or an international organization 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 organization. This generally takes the form of violence, or the threat of violence, directed at human life.”

Whereas in money laundering the main aim is to obscuring the provenance of money, in terrorism financing it is a matter precisely of obscuring its destination.