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Terrorism as a Global Concern: Methodology Adopted by FATF to Counter Terrorist Financing and Money

Terrorism as a Global Concern: Methodology adopted by FATF to Counter Terrorist Financing and Money Laundering

Chethan Kanderi, GD Goenka University


The article examines the concerns of Global Terrorism and its financing and FATF’s specific approach to the problem of terrorism financing. The FATF essence and content of the activity are also analyzed within the article. The FATF addresses the issue of financing terrorism from the broadest viewpoint, with simultaneous and effective strategies for countering money laundering and financing terrorism. The Task Force has made a major contribution for creating a global counter-terrorism financing framework through the establishment of a legal and institutional basis, as well as through cooperation with all potential participants and actors of world politics in this region. Moreover, the FATF has succeeded in geographical expansion from the original 16 to 205 jurisdictions by promotion of FATF-style regional body establishment. Particular attention is devoted to the distinct features of the FATF Guidelines in comparison to the previously issued sources of international law that characterize the international counter-terrorism financing regime. One of the advantages of the FATF as an institute within the counter-terrorism financing system among others is the informal status of the FATF, which provides its flexibility and high ability to respond quickly and in a timely manner to evolving nature of money laundering and terrorism financing as well as emerging threats.

Keywords: Terrorism, money laundering, financial supervision, unusual transactions, legal entity.


Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878


Accessibility: Open Access

License: Creative Commons 4.0

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​All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.


The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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