What does CFT stand for?

Combating the Financing of Terrorism

CFT is a term used to describe measures that are put in place to limit the ability of terrorist groups to receive funding. These measures are largely based on guidelines set out by an international organization known as the Financial Action Task Force (FATF).

FATF’s main role is to come up with standard CFT procedures that can be implemented by nations and law enforcement agencies. This is done to ensure consistency in the fight against terrorist financing across the globe.

One of the key ways terrorist groups get funding is through money laundering. As such, many CFT strategies are also designed to prevent money laundering. This is why you’ll often see CFT measures being referred to as anti-money laundering (AML) measures.

Finally, CFT measures can also be referred to as Counterfinancing of Terrorism or Countering the Financing of Terrorism policies. These names all point to the same goal – cutting off the financial resources of terrorist groups.

Example for using ‘CFT’ in a conversation

Hey, have you heard about CFT?

CFT? What’s that?

It stands for Combating the Financing of Terrorism.

Oh, I see. So, it’s about stopping terrorist groups from getting funds?