Review of Necessities and Hurdles of Fighting Financial

Context and One of the major reasons of consolidation of terrorist movements in the world is the continuation of the financial supply provision through various channels. Money laundry is one of the most significant supply sources of these groups and in many cases a dialectic connection is created between them. In the present paper, with a descriptive-analytic approach, besides attempting to look into the connection between money laundry and the continuation of terrorist acts, measures taken by the international society to confront these two phenomena is dealt with. The main point under scrutiny in this paper is the connection between money laundry and fortification of terrorist movements and its subsequent impact on national and international economy. What measures have been taken by the international society to confront it? This paper is descriptive-analytic and library based. The findings indicate that money laundry affects national and international economy on various levels, whereas a major reason of the continuation of terrorist acts is the existence of favorable background for money laundry. Reciprocal, multilateral, and international measures, compilation of a standard body of law for fighting money laundry, the UN convention against ultra national organized crime, Palermo convention, financial activities strike force against money laundry, Wolfsburg Banking Group, UN Security Council resolutions pertaining to confronting financial provision of terrorism, fighting financial support of terrorist acts, confronting financial provision of terrorists, and blocking of the possessions of terrorists and terrorist organizations are part of innovative measures taken by the international society in order to fight the continuance of terrorist acts through money laundry.