Terrorism Financing Risk Assessment

Terrorism Financing Risk Assessment is the process of identifying and evaluating the likelihood that financial activities could be used to support terrorist activities. It involves analyzing factors such as the types of transactions, customer profiles, and geographic locations to detect potential threats. The goal is to understand where risks are highest, so organizations can implement measures to prevent their financial systems from being exploited for illegal purposes. This proactive approach helps ensure financial security and compliance with regulations, ultimately reducing the chances that funds will be used to finance terrorism.