CTF
Counter-Terrorism FinancingCompliance
Regulatory framework that requires financial institutions to detect and prevent funds being moved to terrorist organisations. Implemented alongside AML; the two are usually treated as a single compliance discipline (AML/CTF). Includes sanctions screening, PEP (Politically Exposed Person) screening, and suspicious-activity reporting.
In practice.
Counter-terrorism financing checks run alongside AML in every underwriting file, mostly as sanctions and watchlist screening of the business, its owners and its customer flows. For merchants the practical impact is documentation: expect screening questions about ownership and excluded jurisdictions.