LEGISLATION IN THE BANKING SECTOR AS A MECHANISM FOR COUNTERING TERRORISM

This article deals with terrorism and legislation in the banking sphere, which is the mechanism of counteraction. Terrorist organizations usually use criminal methods and spend the stolen funds for the personal goals and needs of a particular leader. The current financial crisis poses many challenges for all countries. Today, transparency and legality of operations in national financial systems are becoming more important than ever. For this reason, it is extremely important to create effective mechanisms for combating money laundering and the financing of terrorism. Terrorist activity and financing of terrorism affect both national and international economy.