Question- Write a short note on Funding to Terrorist.

Answer -

Any crime which results in a profit can be used to finance terrorism. This means that a country may face terrorism finance risks even if the risk of a terrorist attack is low.

Sources of terrorist funding include, but are not limited to, low-level fraud, kidnapping for ransom, the misuse of non-profit organizations, the illicit trade in commodities (such as oil, charcoal, diamonds, gold and the narcotic “captagon”), and digital currencies.

By disrupting the flow of terrorist funding and by understanding the funding of previous attacks, we can help prevent attacks in the future.

Strategic Co-operation

We maintain relationships with a number of bodies to help drive high-level policies and cooperation to counter terrorist financing:

1. The Financial Action Task Force (FATF), an intergovernmental body that develops international standards to combat money laundering and the financing of terrorism;
2. FATF-style regional bodies, who disseminate best practices in their respective region;
3. The Egmont Group, a network of 159 financial intelligence units from around the world.

Investigative Support

On a hands-on level, we seek to encourage better cooperation between financial intelligence units (FIUs) and police in our member countries, to encourage the sharing of intelligence and analysis.

A key part of this is promoting the extension of I-24/7, our secure global police communications system, to FIUs across the world. In addition, we are championing the systematic inclusion of financial information in INTERPOL alerts related to terrorist subjects of interest.

We also advise our member countries on specific cases, connecting investigators across borders and continents, ensuring that all INTERPOL’s capabilities are used when appropriate.

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