The Financial Action Task Force (FATF) has published a report on Crowdfunding for Terrorism Financing.
The report provides information on:
- FATF Standards and Crowdfunding Activities;
- Terrorism Financing and/or Violent Extremism Vulnerabilities associated with Crowdfunding;
- Typologies of Abuse;
- Challenges and Considerations in Combatting Crowdfunding for Terrorism Financing;
- Emerging Best Practices;
- Recommendations; and
- Risk Indicators.
Firms should read the latest FATF report to gain insights on the identification and prevention of terrorist financing activity using crowdfunding.