On 24 February 2015, the House of Commons Standing Committee on Finance adopted the following motion:

That the Committee, at the request of the Minister of Finance, undertake a study of the costs, economic impact, frequency and best practices to address the issue of terrorist financing both here in Canada and abroad.

From 24 March–5 May 2015, the Committee held six hearings in relation to this study; 30 groups or individuals made presentations, and an additional 10 written submissions were received. This report summarizes the presentations and written submissions, and contains the Committee’s recommendations for federal actions to combat terrorist financing domestically and internationally.

In relation to terrorism and terrorist organizations, Chapter Two discusses costs, sources of revenue and methods used to transfer funds, while Chapter Three highlights aspects of Canada’s anti–money laundering and anti–terrorist financing regime. Chapter Four comments on the detection of terrorist financing in Canada and abroad, while Chapter Five addresses the investigation and prosecution of terrorist financing offences and the listing of terrorist entities. Finally, Chapter Six provides the Committee’s concluding thoughts and recommendations.