Developing effective strategies to counter terror financing
By: Kumar, Anurag
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Material type: 
BookPublisher: The Indian Police Journal Description: 68(4), Oct-Dec, 2021: p.46-50.Subject(s): Economy of terrorism, Zakat, Hawala, Hundi, Maal-e-Ghanimat, Falah-e-insaniat foundation (FIF), Jammu and Kashmir affectees relief trust (JAKART), Financial action task force (FATF), Financial intelligence unit – India (FIU-IND), Suspicious transaction reports (STRs), Economic intelligence council (EIC), Regional economic intelligence councils (REICs) and central economic intelligence bureau (CEIB)
In:
The Indian Police JournalSummary: Terrorism like any other organized crime requires funding; in fact, terrorist activities are more akin to military and intelligence operations. It entails building an organization with highly trained and motivated cadres, owing unflinching loyalty to the ideology they believe in and the organization they belong to. Although the costs of specific operations may be relatively inexpensive, terrorist organizations require much larger budgets to function. Terrorist organizations and individuals carry out their activities furtively taking utmost precaution to avoid detection by law enforcement agencies. This makes predicting and preventing acts of terrorism extremely challenging. The best way to combat terrorism is by disrupting or if possible completely choking their financial flows; for which it is vital to understand the ‘economy of terrorism.’ The key elements of terror financing include the source of funds, their movement and use by operatives who finally execute acts of terrorism. Despite countries enacting elaborate and stringent laws, strengthening their security apparatus, and entering into bilateral and multilateral agreements, they still struggle to effectively combat terrorism. Are there ways and means to improve our response and come up with more potent and efficacious interventions? For developing an effective strategy for countering the financing of terrorism, this article attempts to examine the existing legal, intelligence, administrative and law enforcement apparatus against terrorism and make suggestions that may help counter-terror financing that would seriously dent the ability of terrorist organisations and individuals to carry out their nefarious activities. – Reproduced
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 68(4), Oct-Dec, 2021: p.46-50 | Available | AR128343 |
Terrorism like any other organized crime requires funding; in fact, terrorist activities are more akin to military and intelligence operations. It entails building an organization with highly trained and motivated cadres, owing unflinching loyalty to the ideology they believe in and the organization they belong to. Although the costs of specific operations may be relatively inexpensive, terrorist organizations require much larger budgets to function. Terrorist organizations and individuals carry out their activities furtively taking utmost precaution to avoid detection by law enforcement agencies. This makes predicting and preventing acts of terrorism extremely challenging. The best way to combat terrorism is by disrupting or if possible completely choking their financial flows; for which it is vital to understand the ‘economy of terrorism.’ The key elements of terror financing include the source of funds, their movement and use by operatives who finally execute acts of terrorism. Despite countries enacting elaborate and stringent laws, strengthening their security apparatus, and entering into bilateral and multilateral agreements, they still struggle to effectively combat terrorism. Are there ways and means to improve our response and come up with more potent and efficacious interventions? For developing an effective strategy for countering the financing of terrorism, this article attempts to examine the existing legal, intelligence, administrative and law enforcement apparatus against terrorism and make suggestions that may help counter-terror financing that would seriously dent the ability of terrorist organisations and individuals to carry out their nefarious activities. – Reproduced
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