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Interpretative Notes To The Nine Special Recommendations On Terrorist Financing

Objective

Special Recommendation II (SR II) was developed with the objective of ensuring that countries have the legal capacity to prosecute and apply criminal sanctions to persons that finance terrorism. Given the close connection between international terrorism and inter alia money laundering, another objective of SR II is to emphasise this link by obligating countries to include terrorist financing offences as predicate offences for money laundering. The basis for criminalising terrorist financing should be the United Nations International Convention for the Suppression of the Financing of Terrorism, 1999 [1].

Definitions

For the purposes of SR II and this Interpretative Note, the following definitions apply:

a) The term funds refers to assets of every kind, whether tangible or intangible, movable or
immovable, however acquired, and legal documents or instruments in any form, including
electronic or digital, evidencing title to, or interest in, such assets,......


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Approximate Word Count: 7640
Approximate Pages: 31 (250 words per double-spaced page)

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