It is a criminal offence in the UK to finance or to facilitate the financing of terrorism.

There are powers to interdict the flow of funds to terrorism, and failure to abide by instructions issued under these powers is a criminal offence

The key pieces of legislation for terrorist finance are:

• The Terrorism Act 2000 (TACT)
• The Anti-Terrorism Crime and Security Act 2001 (ATCS)
• The Terrorism (United Nations Measures) Order 2001
• The Al-Qa'ida and the Taleban (United Nations Measures) Order 2002

In addition, money laundering is defined to include the offence of money laundering under Section 18 of TACT. This applies to all money laundering offences in relation to terrorist property. Terrorist property is widely defined to include money or other property which is likely to be used for the purposes of terrorism or proceeds in relation to acts of terrorism. There is also an obligation on the regulated sectors to give training to employees on these offences under TACT as well as specific reporting obligations.