Counter-Terrorism Financing Act

The Counter-Terrorism Financing Act is a law designed to prevent the funding of terrorism. It imposes strict regulations on financial institutions and businesses to track and report suspicious transactions that could support terrorist activities. The act aims to disrupt financial networks used by terrorist organizations by enhancing cooperation between government agencies and the private sector. By monitoring and controlling the flow of money, the law seeks to protect national security and promote public safety by ensuring that funds do not reach individuals or groups that intend harm.