Said and Cherif Kouachi , before the Charlie Hebdo shooting in Paris , France in 2015 , used transaction laundering to fund their activities . Examples included reselling counterfeit goods and drugs . " This chain of funding shows a clear correlation between transaction laundering and terrorism , using legitimate marketplaces to conduct illegal activity ( in this case , selling counterfeit shoes ) and then using the proceeds to launder money for terrorists . " AML and CTF both carry the notion of Know Your Customer ( KYC ) , this entails financial organizations to have in person identification and to observe the lawfulness of the transaction in question . Although this methodology is not favoured by banks , lawyers or other professionals who are able to see the transaction of money or legal aid occurring , because of the business and client relationship that can be hurt through the process of personal identification . This can damage relationships between long term clients who need to prove their identity , and respected members of society do not want to be asked for personal identification every time
Charlie Hebdo shooting
Charlie Hebdo shooting
Terrorism financing