Funding Sources for Terrorist Organizations Essay

Funding Sources for Terrorist faces - Essay ExampleAccording to Ehrenfeld (2002), terrorist operations such as change illegal do drugss, prostitution, and donation, in most cases, takes place in countries far away from their area of operation. Therefore, cash do must be channeled to them without being detected. Funds from drugs are obtained either by directly distributing the drugs or extorting drug traffickers. Drug money can be channeled either by carriers that ship money notes together with otherwise goods or distributing specie to various wire transfers and registering them as processing expenses incurred in the transfers.The second method of extorting funds from businesses, farms, schools, as well as, other drug traffickers, is said to be taxation fee or defrayal for protection and security provided to hide its true purpose. These funds are given to individuals that relay the amount accumulate to the organization. The third method, on donations or charity, involves makin g multiple deposits to a single account consistent with donations do to a private charity firm (FATF, 2015). Forth methods on money laundering, funds are channeled victimization mechanisms such as fabricated invoices and loans, purchase of luxurious items, company shares, estates, or investing in casinos and hotels. Finally, funds obtained through prostitution are channeled through an individual that collects from them. Some prostitutes could be victims of human trafficking.Fatf. (2015). Financing Of the Terrorist Organization Islamic State in Iraq and Levant (ISIL) FATE.