INTERNATIONAL LAW EFFORT TO COMBAT MONEY LAUNDERING AND TERRORISM FINANCING

Abstract

Terrorist financing their activities uses legal (sponsored terrorism) and illegal money (criminal activity). This dichotomy make dilemma about capability of states to use measurement in combat terrorism financing. Most of legal definition connect money laundering with criminal profit, but in case of terrorism financing aim of this activity is no financial then political. Methods of money laundering are identical with cases of financing terrorism. This paper point to significance of creating unique measurements for combat money laundering and terrorism financing in international level which is very important for blocking financial capability of terrorist organizations