Navigating the murky waters of financial innovation and terrorist financing. This World Bank Working Paper explores the intersection of new technologies and the financing of terrorism, offering insights for policymakers and financial institutions. The paper examines value cards, mobile financial services, online banking, and digital currencies, outlining their functionalities, analyzing their inherent risks, and identifying mitigation strategies. It addresses the critical need to balance innovation with security, ensuring that laws and regulations protect market integrity while fostering economic development. Discover how governments and providers are working to reduce the attractiveness of these technologies to financiers of terrorism and what steps can be taken to promote a safer financial landscape. This is a must-read for anyone seeking to understand and address the evolving challenges at the intersection of technology and global security.