Financing Terrorism Essay Example | Topics and Well Written Essays - 3750 words

Financing Terrorism - Essay good exampleTerrorism comprises an insensate assault on worldkinds most elemental ideals and principles -- the prerogative to a life lived in amity, independence and self-respect. The terrorists premeditated and arbitrary carnage of innocent civilians is a disparaging refutation of the deference for the inviolability of human life. Ideally, everyone has the right to life, emancipation and security of person, as the Universal Declaration of Human Rights explicitly decl bes. Hence, feats of terrorism be on no account valid and landable by considerations of a religious, political, philosophical, or other reason of like nature.Principal objective of this treatise is to address the dilemma on terrorist financing, likewise probe and assess the issues related to the economics of terrorism. And based on the investigation, it attempts to advocate ways that will lead to the curtailment of these nefarious activities and perchance for their total eradication.The subject matter proved to be an appealing issue since this writer strongly believes that by adhering to the follow the money philosophy, terrorist finances can be spotted, identified, located and eventually its flow can be interrupted thereby disrupting terrorist activities and ultimately preventing further success of terrorist acts and all other forms of global terrorism. Preceding researchers and writers nurture explicitly tackled the problem of terrorism. However, many of them have focused only on the events themselves and the ramifications on the commission of such(prenominal) crimes, or who are the perpetrators and the possible retaliation of the aggrieved parties and its effects on the global economy. Ignored and oerlooked are some highly significant issues and one of them is the financing of such activities which is dealt with in this work.This paper then begins with sketch references to the manifold definitions of the term and proceeds to address issues like 1) Where and ho w terrorist organizations secure their funds 2) How these radicals/fanatics transfer money 3) What move have been taken by governments to stop terrorist financing 4) The difficulties in tracking down terrorist financiers and the important enquiry of 5) how regimes and governmental agencies combat terrorist financing.Literature ReviewDefinition Crisis Providing for an explicit definition of the term terrorism and giving it accurate characterization has become a problematic task. It has grown to be so subjective that concord to one author, the effort to define it has been likened to an art rather than a science (Burgess, 2003). Reporting of terrorist activities in media over the years has further contributed to the confusion of trying to define the word, which is diversely depicted as the work of, among others, extremists, guerillas, commandos, and fundamentalists. In addition, the adverse undertones associated with the word terrorism have complicated