What is Counter-Terrorist Financing (CTF)?

An aspect of broader Anti-Money-Laundering (AML) protocols and initiatives, Counter-Terrorist Financing (CTF) standards are designed to prevent the flow of funds to terrorist networks. This is done by monitoring suspicious bank and business transactions — and other activities that may be related to money laundering. CTF policies are implemented by intergovernmental bodies such as the Financial Action Task Force (FATF), individual countries, and the CTF standards of financial institutions in the private sector.