GLOBAL PAYMENTS KNOWLEDGEISO 20022 / SWIFT / SEPA / MT / MX
PAYMENTSSIGNAL

The interactive academy for the standards, messages, and rails that move money.

PROGRESS
DRILL · MONEY LAUNDERING, TERRORIST FINANCING, AND FATF

The words behind Money laundering, terrorist financing, and FATF

Read the plain-language definition, then name the term it describes.

The process of making the proceeds of crime appear to come from a legitimate source, so they can be used without attracting suspicion.

Step 1 of 3

THE DRILL AS TEXT

  1. The process of making the proceeds of crime appear to come from a legitimate source, so they can be used without attracting suspicion.
    • Money laundering (ML)
  2. Providing or collecting funds to support terrorism, which may involve small sums and funds from legitimate as well as criminal sources.
    • Terrorist financing (TF)
  3. The intergovernmental body that sets global standards against money laundering and terrorist financing and evaluates countries against them.
    • FATF (Financial Action Task Force)

This drill is built from Money laundering, terrorist financing, and FATF — it rearranges material written and sourced on that page rather than asserting anything new, so every claim in it is checkable there.