Terror financing refers to the methods and sources used to fund terrorist activities globally. This critical issue undermines international security, demanding...
Terror financing involves providing financial support or funds, whether from legal or illegal sources, to individuals, groups, or organizations engaged in terrorist acts, facilitating their operations and objectives.
Terrorist groups acquire funds through diverse means, including illicit activities like drug trafficking, kidnapping for ransom, extortion, fraud, and the exploitation of legitimate avenues such as shell companies, charities, and remittances.
Global efforts include implementing financial sanctions, enhancing intelligence sharing, enforcing stringent anti-money laundering (AML) and counter-terrorist financing (CTF) regulations, freezing assets, and fostering international cooperation among law enforcement and financial institutions.
It is challenging due to the adaptive nature of terrorist networks, their use of diverse and often legitimate financial channels, the emergence of new technologies like cryptocurrencies, and the global, interconnected nature of financial systems.