Terrorist groups need money to sustain themselves and to carry out terrorist acts. Terrorist financing encompasses the means and methods used by terrorist organizations to finance their activities. This money can come from legitimate sources, for example from profits from businesses and charitable organizations. But terrorist groups can also get their financing from illegal activities such as trafficking in weapons, drugs or people, or kidnapping for ransom.
Combating terrorist financing (CFT) is a highly complex endeavour that involves many different actors. We support Member States with a wide variety of responses, ranging from legislation, international policy to operational level responses. Our legal support is underpinned in particular by the International Convention for the Suppression of the Financing of Terrorism (1999).
We also develop the capacity of criminal justice and law enforcement officials to investigate, prosecute and adjudicate terrorist financing through the provision of specialized training on issues related to special investigation techniques, freezing, seizing and confiscating terrorist assets, and strengthening regional and international cooperation against the financing of terrorism.
The project aims to strengthen key Iraqi institutions involved in countering the financing of terrorism (CFT) and support inter-agency cooperation through mentorship and training to representatives from a variety of competent Iraqi authorities, including the central bank of Iraq (CBI) Supervision Department, AML/CFT Office, Ministry of Interior, National Intelligence Service, and Judiciary Council. We are supporting Iraq in addressing the current challenges related to investigations, prosecution and adjudication of money laundering and terrorism financing offences as well as identifying the needed efforts for strengthening international cooperation in money laundering and terrorism financing offences.