Terrorism Financing क्या है?
ऐतिहासिक पृष्ठभूमि
मुख्य प्रावधान
8 points- 1.
Sources of Funds: Can include legitimate businesses, charities, donations, as well as illicit activities like ransom, extortion, drug trafficking, arms smuggling, human trafficking, counterfeit currency, and illicit trade.
- 2.
Methods of Transfer: Funds are transferred through formal financial systems (banks, wire transfers), informal value transfer systems (hawala), cash couriers, and increasingly, through new technologies like cryptocurrencies, online crowdfunding, and prepaid cards.
- 3.
International Cooperation: Requires robust international cooperation to trace cross-border financial flows, share intelligence, and freeze assets. Organizations like the Financial Action Task Force (FATF) play a crucial role in setting global standards.
- 4.
Legal Framework in India: Key laws include the Unlawful Activities (Prevention) Act (UAPA), 1967 (which criminalizes terror financing and provides for asset seizure), and the Prevention of Money Laundering Act (PMLA), 2002 (to prevent the legitimization of illicit funds and attach properties).
- 5.
Asset Freezing: Provisions exist under UAPA and PMLA to freeze, seize, and forfeit assets of individuals and entities involved in terror financing, disrupting their operational capacity.
- 6.
Challenges: Identifying legitimate vs. illegitimate funds, adapting to rapidly evolving financial technologies, and dealing with funds from leaders operating abroad or in safe havens are significant challenges.
- 7.
Impact: Disrupting terror financing is considered a critical component of counter-terrorism, as it cripples the operational capabilities, recruitment, and propaganda efforts of terror groups.
- 8.
Reporting Mechanisms: Financial institutions are mandated to report suspicious transactions to agencies like the Financial Intelligence Unit-India (FIU-IND).
दृश्य सामग्री
Terrorism Financing: Sources, Methods & Countermeasures (2025)
This mind map illustrates the complex ecosystem of terrorism financing, detailing the diverse sources of funds, the various methods used for transfer, and the comprehensive legal and international countermeasures employed to disrupt these financial lifelines, reflecting the current challenges and strategies.
Terrorism Financing
- ●Sources of Funds
- ●Methods of Transfer
- ●Legal Framework (India)
- ●Countermeasures & Cooperation
हालिया विकास
5 विकासIncreased scrutiny on the use of cryptocurrencies and other digital assets for terror financing, leading to calls for regulatory frameworks.
Enhanced focus on combating funds generated through ransom and extortion, especially from leaders operating abroad, as highlighted by the Home Minister.
India's active participation in international forums like FATF to strengthen global anti-money laundering and counter-terror financing (AML/CFT) regimes.
Development of databases and intelligence-sharing mechanisms to track financial transactions linked to terror and organised crime.
Implementation of stricter KYC (Know Your Customer) and AML (Anti-Money Laundering) norms for financial transactions to prevent misuse.