Terrorism financing involves the solicitation, collection or provision of funds with the intention that they may be used to support terrorist acts or organizations. Funds may stem from both legal and illicit sources. The primary goal is to sustain the activities of the terrorist organizations in theRead more
Terrorism financing involves the solicitation, collection or provision of funds with the intention that they may be used to support terrorist acts or organizations. Funds may stem from both legal and illicit sources. The primary goal is to sustain the activities of the terrorist organizations in the longer run.
Steps taken to curb terrorist financing include:
- Resolutions of the United Nations Security Council (UNSC): The UNSC requires all its member states to take a number of steps to combat terrorist financing, such as freezing the assets of terrorist organizations and individuals, and preventing terrorists from accessing the financial system through its resolution.
- The Financial Action Task Force (FATF): The FATF is an intergovernmental organization that sets international standards for combating money laundering and terrorist financing.
- The Egmont Group: The Egmont Group is an international network of financial intelligence units (FIUs) from around the world to enable sharing of information and cooperate on investigations. FIUs are responsible for collecting and analysing information about suspicious financial activities.
- The United Nations Convention for the Suppression of the Financing of Terrorism: This Convention was adopted in 1999 and entered into force in 2002. It requires countries to criminalize terrorist financing and to cooperate with each other in investigating and prosecuting terrorist financing cases.
Despite these measures, terrorism continues to receive funding. Terrorism financing continues to be a major challenge due to the following reasons:
- Poor compliance: The FATF recommendations are not enforceable and rely on voluntary compliance, monitoring and implementation by countries around the world, leading to poor compliance.
- Multiplicity of sources: Terrorists and their supporters use ‘hawala’, cash and trade as options. The multiplicity of transit routes allows the path of least resistance to be exploited.
- Further, many developing countries are heavily cash-based economies with no paper trail making enforcement of any regulation around monetary flows virtually impossible.
- Quick adoption of new technology: New developments in technology and financial instruments have brought in its wake various challenges, such as multiple forms of virtual currencies, no central financial authority, anonymity, etc. For instance, it has now moved into the domain of cryptocurrency.
- Donations route: Money collection initiatives like crowdfunding through social media allow for collections, which may not necessarily come with adequate regulation and scrutiny. This can be exploited for collection of funds both from unsuspecting donors, and others who may be sympathetic to the cause of individuals, groups or ideologies associated with terrorism.
- Also, terrorist groups employ religion as a tool for exploiting people by collecting funds in the guise of donations. For instance, groups like the Lashkar-e-Taiba and Jaish-e-Mohammed in Pakistan.
- Lone-wolf attacks: The cost of perpetrating terrorist attacks are decreasing as terrorist tactics are changing, with groups increasingly relying on self-funded individuals to carry out attacks.
Countries need to assess terrorism financing not just on a periodic basis but also to ensure that as circumstances change, their policy resources are aligned to tackle new and emerging terror financing risks. In this context, India hosted three major international meetings and conferences related to countering terrorism and terrorism finance in 2022.
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With the fall of Kabul, the Taliban is in control over Afghanistan 20 years after US-led forces deposed the organization. This generated a sense of panic, leading to a mass exodus of foreign diplomatic missions and local Afghans and a commiserate return of human rights violations, which the United NRead more
With the fall of Kabul, the Taliban is in control over Afghanistan 20 years after US-led forces deposed the organization. This generated a sense of panic, leading to a mass exodus of foreign diplomatic missions and local Afghans and a commiserate return of human rights violations, which the United Nations had warned could become a full-blown “humanitarian catastrophe.”The return of Taliban to power not only bodes ill for the ordinary Afghan population but also threatens the regional and international security architecture in multiple ways.
Link Between Taliban And Drug Business
Challenges In Forms Of Increased Drug Usage Due To Resurgence Of Taliban
Measures To Counter The Issue Of Drug Usage
India began its fight against drugs way back in the 1980s. To meet the obligation as a signatory to international conventions, including those of the United Nations, India enacted the Narcotic Drugs and Psychotropic Substances Act (NDPS) in 1985 and the Narcotics Control Bureau (NCB) was established.
India has been enduring the scourge of drug trafficking for several decades. The country’s proximity to two of the world’s largest illicit opium-growing areas as well as various external and internal factors have contributed to it becoming a transit source and a destination for drugs. On the one hand, India has enacted stringent anti-drug laws, co-opted various voluntary organisations and sought to strengthen the physical security of its borders by various means, on the other hand, it has been seeking the cooperation of its neighbours and other countries through several bilateral and multilateral agreements. These efforts need to be complemented with more participative bottoms-up effort to end the criminal nexus while also pushing for behavioural change against drug abuse.
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