Paper Topic:

Terrorism funding

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Stopping Terrorism Funding

This posits that one way to fight terrorism is to cut the supply of money for these terrorists and their activities . Terrorists operate on organizations to accomplish their objectives . They need to mobilize resources in to move the people involved in the plan Since terrorists will have to use the existing legal financial institutions to accomplish their financing activities , they will do everything even illegally to accomplish their goal of sowing terrorism The drug

trade is one of easy the illegal means to raise money where these terrorist groups could take advantage to raise money

The drug trade needs also to be funded in to fly its trade as sellers and dealers of drugs must be paid . Given the fact that the drug trade is an easy way to raise money , it is not surprising to see many people getting attracted to it until they realize that even their governments are already being set up due to the influence of drug trade To argue therefore that terrorist can use the drug trade to finance their activities is easy to accept since terrorists do not respect the laws of countries . What is important to them is the accomplishment of their objectives . One evidence that may be cited how financially well-off are these terrorist is the case of the person or suspect that was first arrested in the US in the case of September 9 /11 attack in New York 's Twin Towers . The judge in said case refused to grant the bail which amounted to over 5 million , to an employed and poor suspect . That amount of money could only be raise by a well entrenched network of terrorists which have the financial connections around the world

At this point the issue is how to cut the supply of money for the terrorists . Of course these terrorist use legal organizations are fronts in to hide their true intentions and plans . The sources of illegal funds are being disguised . Should the American people therefore then stop banking and stop transacting with people who are suspected as terrorists ? Again it is not easy to point out who are these terrorists . The police can of course apply profiling of suspected criminals , but still there are laws to be respected particularly those that would possibly violate human rights

There are laws passed by US and its other allied countries how to prevent the drug trade from being taken advantage- that is the law on anti-money laundering . Under said law , people need not stop banking , but big amount of financial transactions could badges of money being laundered by the criminal syndicates under the banking system . It will be the banking systems therefore that will assume the great role of implementing the anti-money laundering law . It may be argued that this is not easy for banks to do this on the ground that banks live by the amount of money...

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