Summary
The U.S. Treasury Department released the 2022 National Terrorist Financing Risk Assessment (NTFRA) on March 1, 2022. The risk assessment focused on the Islamic State, Al Qaida, Hizballah, and domestic violent extremists (DVEs).
Financial institutions, including money service businesses, play an essential role in combatting the financing of terrorism. In this briefing paper, we summarize the key themes from the NTFRA, and explain the actions financial institutions can take to identify, and act upon, terrorist financing risks in their organization.