Ways Of Combating Financing Terrorism
Financing terrorism read more here can also refer to giving the individual terrorist funds or supporting them financially who avoid being caught by the authorities by using techniques like that of 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 step number one to follow when one want to finance terrorism is raising of funds from 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. 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. 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. 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. Another challenge faced by the government and another anti-terrorism 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 fourth challenge faced when combating financing terrorism view more is that technology enhancement has facilitated the coordination of terrorism financing activities as they can transact money and cover up money laundering activities.
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