Terrorist Financing Risk Assessment

Terrorist Financing Risk Assessment is the process organizations use to identify and evaluate how vulnerable they are to being involved, intentionally or unintentionally, in providing financial support to terrorist activities. It involves analyzing factors like client profiles, transaction patterns, and geographic locations to spot potential risks. The goal is to implement controls to prevent funds from being diverted to terrorism and comply with legal requirements. This proactive approach helps organizations detect suspicious activity early and reduce the likelihood of their systems being exploited for terrorist purposes.