The Essentials of – Breaking Down the Basics
July 15, 2019
Mechanisms Of Controlling Financing Terrorism
Financing terrorism can be defined as the process of supporting individual terrorist or non-state actors activities financially or giving them funds who avoid authority attention by using techniques such as money launders; these funds may have been raised from legitimate sources like donations, charity organizations or may also be raised from criminal sources such as drug smuggling to them carry out terrorist activities. The first step to undergo when one wants to finance terrorism is fundraising process where funds are raised from different sources such as donations from charity organizations, criminal activities such as drug smuggling and self-funding to be able to have enough money to fund the terrorists. Another step involved in the financing of terrorism is transferring of funds to the terrorist cell, terrorist organization or terrorist network. The first way through which combating of financing terrorism is by putting legislation that criminalize the terrorism activities including how the receive the funding to carry out their activities arresting those who are found violating the law by putting them under custody. Another way of combating financing terrorism is by freezing terrorism financiers accounts that will stop them from carrying out the transaction of funds to the tourists organizations, center or cells. The other way of combating financing terrorism discover more is by advising all the financial institutions to report any suspected transaction so that the authority can track down the terrorism financiers. The fourth way of preventing financing terrorism is by banning of all the illegal businesses such as drug smuggling, carried out by some of the terrorism financiers to raise money that is later used to fund the terrorists. The first challenge faced by the government and another anti-terrorism when combating financing terrorism is, the terrorist know all the plans of the government enabling them to also find ways of running away before the authority find them; this has given view here for more the government and the anti-terrorism organization hard time in trying to combat financing terrorism. The second challenge that the government and another anti-terrorism read more now face when combating financing terrorism is, the terrorism financiers do not use ordinary banking systems during the transaction of their funds making it difficult for the authority and even the financial institution to notice their activities. The challenge number three that the government and another anti-terrorism face view here for more when combating financing terrorism is, the terrorism financiers raise some of their funds through legal ways that the authorizes cannot suspect them only to realize later that they were raising money for illegal acts. Another challenge that is faced when combating financing terrorism is that the improvement of technology has facilitated the coordination of terrorism financing activities as they can transact money and cover up money laundering activities.