The Financing of Terrorist Activities
The Financing of Terrorist Activities

Summary/Abstract: The functioning of terrorist groups, like all other organisations, require appropriate financial resources. The phenomenon of terrorism needs a series of resources available for the terrorist organisations, including financial support. Terrorist financing is an area that cannot be completely defined, and the conclusions concerning it are often based on speculations and assumptions. However, it is known that there are many ways to obtain it, both legal and illegal. There is also no doubt that terrorists are still looking for new, hitherto unknown ways of financing their activities. It includes the direct expenditures for the attacks and the costs of establishing and maintaining the organisational infrastructure, its security logistics, and promoting their ideology. Among counterterrorism experts, one can come across the opinion that cutting off their funding sources is an effective method of dismantling terrorist organisations. Combating terrorism financing became an essential tool to counteract this menacing phenomenon. This article aims to overview how funds are raised and used by terrorist organisations.

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