Ways Of Combating 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. Financing terrorism undergoes some steps and the first one is raising funds where the organizations or individuals who finance terrorism activities raise funds from more info. different sources like donations from charity organizations, criminal activities such as drug smuggling and self-funding to be able to have enough money to fund the terrorists. The other step in financing terrorism Is transferring of funds to the terrorist cell, terrorist organization or terrorist network. There are several ways that government and other anti-terrorism movements view here! have come up with in order to combat this financing terrorist activity and one of them is passing legislation specifically to criminalize the terrorist activities that include their ways if getting funds to carry out their activities and those who are found violating the law should be arrested immediately and taken into custody. The second way of preventing 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 third way of preventing financing terrorism is advising all the financial institutions to report any suspected transaction so that the authority can track down the terrorism financiers. Financing terrorism can also be prevented through 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. One of the challenges faced by the government and another anti-terrorism when combating financing terrorism is, the terrorist know all the plans of the government enabling them also to find ways of running away before the authority find them; this has given the government and the anti-terrorism organization a hard time in trying to combat financing terrorism. The next challenge faced by the government and another anti-terrorism this website 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. Another challenge that the government and another anti-terrorism face when combating financing terrorism is, the terrorism financiers raise some of their funds through legal ways see this link that the authorizes cannot suspect them only to realize later that they were raising money for illegal acts. The other challenge faced when combating more about 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.
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