Money Laundering and Terrorist Financing (MLTF)

Money laundering and terrorist financing (MLTF) involve financial activities that support illegal or harmful objectives. Money laundering is the process of disguising the origins of illegally obtained money to make it appear legitimate, often through complex transactions. Terrorist financing involves providing funds to support terrorist activities, regardless of whether the money is obtained legally. Both processes undermine financial systems and security, prompting governments and organizations to implement strict regulations and monitoring to detect, prevent, and combat such illicit activities.