Detailed description
Terrorist financing is the financing of terrorist organizations from legal sources and funds obtained through criminal activities, such as money laundering. Money laundering is used to smuggle illegally earned money into the legal financial and economic circuit.
On the basis of the Money Laundering Act (AMLA), the so-called "obligated parties" from the non-financial sector, ie companies and individuals, are subject to special obligations which are intended to make their business relationships and business activities transparent. The aim is to prevent transactions with a criminal background and to uncover them with the help of those responsible.