Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

UK counter-terrorist financing: TA 2000 offences, SAR and SuperSAR duties, tipping-off, defences, penalties, corporate liability and sanctions

Published by a LexisNexis Risk & Compliance expert

Practice notes

This Practice Note summarises counter-terrorist financing (CTF) measures, covering the offences and duties found in the terrorism Act 2000 (TA 2000) and associated laws. It explains what constitutes terrorist financing, how it intersects with the anti-money laundering (AML) framework, and why it matters for businesses.

What is terrorist financing?

Terrorist groups require money to organise and execute attacks. The TA 2000 makes both involvement in terrorist activity and the financing of terrorism criminal offences. Broadly, terrorist financing covers supplying or gathering funds from lawful or unlawful sources, intending, or knowing, that they are to be used to commit an act of terrorism, regardless of whether the money is ultimately applied to that end.

Counter-terrorist financing and anti-money laundering

CTF and AML are distinct concepts, though their objectives overlap. Within UK law, the CTF and AML regimes operate alongside each other. Numerous provisions in the Proceeds of Crime Act 2002 (POCA 2002) and the TA 2000 closely mirror each other, with aligned definitions by design. Both Acts also operate in parallel with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), SI 2017/692. Together, these frameworks operate cohesively within UK legislation and regulation...

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Web page updated on 21/05/2026

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