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Research Paper | Finance | India | Volume 13 Issue 3, March 2024 | Popularity: 4.9 / 10

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Terrorism In Financial Crime by Money Laundering

Divya Jangra

Abstract: Terrorism is a global trouble that has far - reaching consequences on society and governments. One of the most significant aspects of fiscal crime in terrorism is money laundering. It enables terrorist associations to fund their operations, novitiate members, and acquire munitions and other coffers while maintaining secretiveness and escaping law enforcement authorities. The impact of terrorism in fiscal crime by money laundering is immense, both financially and socially, leading to an increase in terrorist conditioning, performing in loss of life and property. Still, governments and fiscal institutions have taken several measures to combat this trouble, including the perpetration ofanti - money laundering regulations, know - your - client conditions, suspicious sale reporting, enhanced due industriousness, and transnational cooperation. Using doctrinal legal research method and by assaying the impact of terrorism in fiscal crime by money laundering and the measures taken to combat it, this composition sheds light on the pivotal need to help the inflow of finances to terrorist associations and maintain global security. In moment's world, the fight against terrorism in fiscal crime by money laundering is essential to securing the well - being of societies and icing a stable and prosperous future for all. Recently, money laundering has come under increased international scrutiny as a means of financing terrorists. The purpose of this study is to examine the connection between financial crime, terrorism, and money laundering. The study will examine the methods used by terrorist organizations to launder money and how financial institutions may prevent such behaviour. This study aims to analyse the current trends and patterns of money laundering used to finance terrorism, assess the effectiveness of the current legal frameworks, and offer suggestions for improving the prevention of this type of crime.

Keywords: Money Laundering, Terrorism, Finances, Anti - Money Laundering, Institutions, Crime, Financial Intelligence Unit

Edition: Volume 13 Issue 3, March 2024

Pages: 90 - 95

DOI: https://www.doi.org/10.21275/SR24301203733

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