What Are the Common Methods Used in Terrorist Financing?
Several methods are employed to finance terrorism. These include:
Hawala networks: An informal value transfer system based on trust, often used in regions where formal banking is less prevalent. Trade-based money laundering: Involves over- or under-invoicing of goods and services to move value across borders. Cryptocurrencies: Digital currencies that offer a degree of anonymity and can facilitate cross-border transfers without intermediaries. Cash couriers: Physical movement of cash across borders to finance activities.