Counteracting Money Laundering and Terrorism Financing

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money.

Terrorism is, in the broadest sense, the use of intentionally indiscriminate violence as a means to create terror among masses of people; or fear to achieve a financial, political, religious or ideological aim. It is used in this regard primarily to refer to violence against peacetime targets or in war against non-combatants. The terms "terrorist" and "terrorism" originated during the French Revolution of the late 18th century but gained mainstream popularity during the U.S. Presidency of Ronald Reagan (1981–89) after the 1983 Beirut barracks bombings and again after the attacks on New York City and Washington, D.C. in September 2001 and on Bali in October 2002.