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This paper aims to address the existing gap in the anti-money laundering/counter-financing of terrorism (AML/CFT) regime and explore the possibility and effectiveness of disentangling the nexus between the two concepts.

The approach undertaken is doctrinal legal research by employing rigorous analysis of the legal terms of terrorism financing and money laundering.

Upon analysis, the study confirms that the two concepts are distinct; there is a slight overlap in the methods of acquisition of funds for both terrorists and money laundering; however, the purpose and intention of the two are totally separate and therefore creates a need for singular approach in tackling the two concepts. Enhanced collaboration between states and increased financial technologies will aid in better tackling of the two menaces.

The research is limited to a desk review approach.

The study confirms the argument that the AML/CFT approach is ineffective in tackling money laundering and terrorism financing.

This paper delves into a deeper analysis of money laundering and terrorism financing and provides a nuanced understanding of the differences between the two terms.