Terrorist Financing is:

  1. Using funds (whether those funds are derived from legal and or illegal means) for the purposes of sponsoring or facilitating terrorist activities; or
  2. Acquiring, possessing, concealing, converting or transferring any funds that are intended to be provided or used for the purposes of terrorism (whether directly or indirectly).
Raising funds
Transferring funds
Using funds

More specifically, within BVI legislation:

“terrorist financing” means –

  1. the provision or use of funds for the purposes of terrorism; or
  2. the acquisition, possession, concealment, conversion or transfer of funds that are, directly or indirectly, intended to be provided or used for the purposes of terrorism;