Money laundering, terrorism financing, and other illicit financial flows (IFFs) present significant challenges to security and development, underpinning transnational crime and terrorism networks. IFFs hinder economic development by draining capital from developing countries and reducing the amount of tax revenue and other resources available for governments to invest in infrastructure and socioeconomic services. This contributes to conditions of relative deprivation and marginalization that drive conflict and violent extremism. Widespread corruption, poor governance, and weak financial oversight further constrain economic growth and contribute to enabling environments for violent extremism. This report seeks to merge the rich body of good practices for implementing AML/CFT standards with the foundation of literature on approaches to capacity development.