Cutting Terrorist Financing Sources

Summary

The European Parliament recommends a multi-layered strategy to cut off terrorist funding by improving intelligence sharing, regulating digital assets, and monitoring suspicious financial flows.
10 01.03.2018
Other
economy
finance
taxation
criminal law
human rights
european union
public administration
international relations

Key points

  • Establishment of a centralized European counter-terrorism financial intelligence platform to share data on suspicious transactions.
  • Strengthening the prevention of money laundering and terrorist financing through improved cooperation between banks and law enforcement.
  • Increased oversight of digital financial tools, including cryptocurrencies, e-money, and blockchain technologies.
  • Stricter monitoring of non-profit organizations, charities, and places of worship to prevent the diversion of funds.
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