Ways Of Preventing Financing Terrorism
Financing terrorism may also be the process of providing funds or financial support to the individual terrorists to help them carry out their terrorist activities, and these terrorists avoid authorities attention by using approaches such as those of the money launders ; the funds may have been raised from legitimate sources like donations, charity organizations or criminal sources such as drug smuggling. 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 second step in financing terrorism is transferring the funds to the terrorist cell, terrorist organization or terrorist network. Another way of preventing 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. Another way through which financing terrorism can be prevented is reporting of any suspected transaction done in various financial institutions 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. 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. The third challenge faced by the government and another anti-terrorism 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. 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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