What is terrorism financing?
Terrorism financing is a collective name for various actions whose ultimate purpose is to provide the material means to make terrorist activities possible.
Article 84a of the BES Criminal Code specifies which crimes can be classified as terrorist crimes if they are committed with a terrorist intent. What this purpose is, is described in article 84b BES. The financing of terrorism is also separately punishable in article 435e BES. FIU- the Netherlands defines terrorism as:
“Pursuing objectives or carrying out acts with the intention of inspiring serious fear in the population or part of the population; of unlawfully coercing a national government or an international organization to act, not to act, or to condone something; or of severely destabilizing or destroying the fundamental political, constitutional, economic, or social structures of a country or an international organization. This generally takes the form of violence, or the threat of violence, directed at human life.”
Whereas in money laundering the main aim is to obscuring the provenance of money, in terrorism financing it is a matter precisely of obscuring its destination.