ABSTRACT

2022 National Terrorist Financing Risk Assessment   [open pdf - 1MB]

From the Introduction: "The 2022 National Terrorist Financing Risk Assessment (NTFRA) identifies the TF [terrorist financing] threats, vulnerabilities, and risks that the United States currently faces, updating the 2018 NTFRA. This report, as well as the 2022 National Money Laundering Risk Assessment (NMLRA) and 2022 National Proliferation Financing Risk Assessment (NPFRA), provide an overview of the current illicit finance risks to the United States. Terrorism remains a significant concern for the United States because terrorist groups at home and abroad still seek to conduct attacks inside the United States. To counter these threats, Treasury focuses on disrupting the financial and support networks of these groups so they have access to fewer resources to develop and carry out attacks. Even as low-cost attacks by individuals inspired but not directed by terrorist groups have become more prominent, tracking and sharing financial information can still facilitate the disruption of such terrorist activity. The United States is particularly vulnerable to TF and other forms of illicit finance because much of the global economy touches the United States or the U.S. financial system, and the United States is the primary trading partner to many other countries. Trade transactions are often denominated in U.S. dollars and settled with a U.S. dollar-denominated funds transfer even if a U.S. customer is not a party to the transaction. In addition, U.S. currency is used globally as either the primary or de facto secondary reserve currency or store of value."

Publisher:
Date:
2022-02
Series:
Copyright:
Public Domain
Retrieved From:
U.S. Department of the Treasury: https://home.treasury.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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