What is the full form of CFT?

CFT stands for "Combating the Financing of Terrorism".

What is CFT (Combating the Financing of Terrorism)?

This organization involves four fundamentals, and they are as follows; investigation, analyzing, deterring, and preventing any potential source of funding for promoting activities that are intended to achieve political, religious, or ideological goals. CFT works by detecting threats and violence-related incidents that took place against civilians.

This comes into play by tracking down the source of the funds that may be involved in the terrorism-related activities. These organizations with the aid of the government are able to prevent such nuisance. The organization focuses on checking the bank activities, charities, and even large scale as well as small scale businesses and a number of activities, such as regulation, supervision, and reporting.

This is recognized on the basis of tracing the legitimate financial transactions (money laundering) that are done for the terrorist associations and this serves to be the large portion of work the CFT puts up with.

Financial Intelligence Units investigate suspicious transactions and then provide information to law enforcement for further investigation or prosecution. This special task force is a group among 35 countries that work in corporation with each other to bring justice.