The report by the Financial Action Task Force (FATF) reveals terrorists’ persistent ability to exploit the international financial system to support their activities and carry out attacks, and warns of gaps in countries’ abilities to fully understand terrorism financing (TF) trends and thus respond effectively. With the TF methods varying depending on several factors and contexts, the report highlights terrorists’ adaptability, underscoring the need for risk-based counter-terrorist financing measures. Investigating case studies spanning more than 10 years to provide a comprehensive overview of the factors influencing TF risks, the report brings together contributions from more than 80 jurisdictions from across the FATF Global Network, extensive research and more than 840 submissions from the private sector, academia and think tanks.