Terrorism is one of the major challenges that governments have to deal with across the world on a daily basis. Terror organizations can continue with their activities due to the financing that they obtain for their activities (Nesi, 2006).
There are various methods or ways through which the terror organizations across the world use to obtain finances. The funds are needed to support their direct operations, as well as their broad organization operations across the world (Great Britain, 2009).
The methods used by terror organizations include legitimate sources, such as legitimate businesses and abuse of charitable organizations. For example, charitable organizations are informed that the funds they are donating are to be used to finance and help in projects that benefits orphans and widows, but then transferred to fund terror activities (Nesi, 2006).
Furthermore, terror organizations obtain funds from criminal activities, and from sponsorship of failed states and other states that support terror activities (Great Britain, 2009).
The other source of finance for the terror groups include self-financing whereby families and other internal sources which do not involve criminal activities (Nesi, 2006).
Terror organizations and mafia organizations are similar in terms of the ways through which they obtain funds. The funds that are obtained by both the terror organizations and mafia organizations undergo money laundering.
Terrorist organizations and the mafia organizations are known to place their funds in various financial institutions and system so that they do not raise any form of suspicion (Great Britain, 2009).
The Research paper on Maritime Students Perception on School Related activities
School activities are very important for the students and for the school. For the students, because they gain new skills and motivation. It’s a real chance for them to enjoy school and choose to do something they are really interested and passionate about, and therefore their motivation for learning and their motivation for their teachers and the school increase. It makes them relate ...
The two organizations, terrorist and the mafia, are similar in that they both obtain funds through criminal activities, as well as legitimate businesses and sources. Furthermore, they both move their money around, using a series of transactions that are complex and cannot be traced across multiple jurisdictions hence concealing the primary source of the funds (Great Britain, 2009).
References
Great Britain. (2009).
Money laundering and the financing of terrorism: 19th report of session 2008-09. London: Stationery Office.
Nesi, G. (2006).
International cooperation in counter-terrorism: The United Nations and regional organizations in the fight against terrorism. Aldershot, England: Ashgate.
