MONEY LAUNDERING AND TERRORIST FINANCING

The fight against terrorism requires international and national cooperation at the national, financial, diplomatic, intelligence, police, military and logistic plan. Money laundering is the process by which the illicit origin of funds derived from criminal activity conceal in order to conceal the link between resources and criminal activities which they have been acquired. These funds are used to finance terrorist activities. Therefore, although the money laundering and terrorist financing are two fundamentally different phenomena, both using the vulnerability of financial systems that allow a certain level of anonymity and lack of transparency in the execution of transactions. Therefore, the cooperation of financial institutions at the national and international level is of the great importance for the suppression of the operation of terrorist organizations. In this paper, the author analyzes the relationship between money laundering and terrorist financing.