Difference between Money laundering and terrorist financing?

Question

Accepted Answer

Money laundering is the process of making illegally obtained money appear legal, while terrorist financing is the act of providing funds or resources to support terrorist activities.

Money laundering involves disguising the source of illegally obtained funds through a series of transactions to make it appear legitimate.
Terrorist financing involves providing financial support to individuals or groups involved in terrorist activities.
Money laundering can be used to fund terrorist activities, but not all money laundering is related to terrorism.
Terrorist financing can involve both legal and illegal sources of funds, including donations, criminal activities, and state sponsorship.
Examples of money laundering include structuring transactions to avoid reporting requirements, using shell companies to hide the true ownership of assets, and investing in legitimate businesses to launder money.
Examples of terrorist financing include providing funds to purchase weapons, travel expenses for terrorists, and funding for propaganda and recruitment efforts.

Accepted Answer

Money Laundering  conceals illicit funds origin.
Terrorist Financing  supports terrorist activities.
Money laundering involves complex financial transactions; TF uses simpler methods.
Both threaten global financial stability and security.

Difference between Money laundering and terrorist financing?

Top WNS Associate Lead interview questions & answers

Popular interview questions of Associate Lead

Top HR questions asked in WNS Associate Lead