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Money launderindg and terrorism financing
Pages 4 (1004 words)
In an underground economy, money laundering became the main operation with the practice of engaging in particular transactions in order to conceal the identity, source or destination of money. Additionally, money laundering is a strategic way in which terrorists can exploit in realizing their destructive interests.
From the process of establishing an anti-money laundering enforcement initiative, there comes out the counter-terrorism financial enforcement regime. Separating terrorists from their money is undeniably a critical component of the war on terrorism. As many now more fully appreciate, attacks like those of September 11 necessitate money to construct and maintain terrorist training camps, to buy weapons, communications equipment, and forged documents, to move personnel and materiel, to bribe government officials and establish front companies, and to pay for operatives' rent, food, and other basic necessities, along with special activities like flying lessons.
More often than not, the terrorist money trail originates or leads overseas. For the purpose of stemming the tide to transnational crime, governments and international organizations continued their active efforts to increase regulatory and criminal enforcement of various laws in 1998. ...
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