Black-Listing Terrorists (Sanctioning),
Second Step:
Disrupting Terrorist Finance
Third Step:
Monitoring-Reporting Terrorist Activities (day and night),
Fourth Step:
Destroying/Prosecuting Terrorist(s). No Mercy Policy for Terrorist Financing Business and Activities.
Logic Behind Terrorist Financing:
Motivation:
Ideological/Political
Source of Funds:
1. Internally from self-funding cells (increasingly centered
on criminal activity).
2. Externally from benefactors and fundraisers.
Conduits:
Favors cash couriers or informal financial systems such as Hawala and Currency Exchange Firms.
Detection Focus:
Suspicious relationships, such as wire transfers between seemingly unrelated parties.
Transaction Amounts:
Small amounts usually below reporting thresholds.
Financial Activity:
No workable financial profile of operational terrorists exists, according to U.S. 9/11 Commission.
Money Trail:
Linear — money generated is used to propagate terrorist group and activities.
Economic crime is neither capitalist nor socialist phenomenon. Economic crime including money laundering is international phenomenon that produced by forces outside each country's control-Hakan Ürem.