This study will show how money laundering affects businesses in Pakistan and which techniques are used by the money launderer to finance terrorism and how much money has been laundered from all over the world. What are the types of money laundering and what are the negative effects of money laundering and terrorism financing in Pakistan? And what is the role of The European Union to curb money laundering in Europe? This study, it will show what FATF doing to control money laundering all over the world. Who was the 1st money launderer? And what was the top cases regarding money laundering?