Combating terrorist financing in India

  • Terrorismlooms large over the world today. Amorphous terror groups, newer cyber linked terrorism, increasing lone wolf attacks are all adding to the ominous threats of violence. India has borne the brunt of terrorism and has witnessed serious loss of life and property in senseless violent explosions in large cities in the past few decades.
  • As the world shrinks with technological and communication changes, terrorists, weapons and fundsare also able to move across national boundaries easily. International co-operation between law enforcement authorities in this area is a sine qua non for combating such cross-border challenges.

India towards combatting the Threat of Terrorism

  • In the wake of the 26/11 terrorist attack.In January 2009, the National Investigation Agency was established to deal with terrorist crimes.
  • In India, the Unlawful Activities (Prevention) Amendment Actis the primary anti-terrorism law.
  • To gather information related to security, the National Intelligence Grid (NATGRID)has been established.
  • An operational hub has been created for the National Security Guardto ensure a rapid response to terrorist attacks.

International Initiatives to Counter Terrorism

  • United Nations Office of Counter-Terrorism (UNOCT)
  • Terrorism Prevention Branch (TPB) of United Nations Office on Drugs and Crime (UNODC)
  • Financial Action Task Force (FATF)
  • India’s Annual Resolution on Counter-Terror

Challenges associated with Terrorism in India

  • No Global Definition of Terrorism:There are no universally accepted definitions for what constitutes terrorism, so it is hard to classify a particular activity as a terrorist activity, which provides terrorists with an edge and allows some countries to remain silent and veto any action at global institutions.
  • Expanding Web of Terrorism:The Internet provides a relatively unregulated and unrestricted place where terrorists can craft and disseminate propaganda through seemingly limitless numbers of websites and social media platforms, tailoring their pitch so as to target thousands of potential new recruits to join their organization and further their cause.
  • Terror Financing:According to the International Monetary Fund (IMF) and World Bank, criminals launder an estimated two to nearly four trillion dollars each year. Fund movements by terrorists have also been concealed through charities and alternative remittance systems.
    • It taints the international financial system anderodes public trust in the integrity of the system.
    • Furthermore, the lack of regulation of crypto currencycould make it a breeding ground for terrorists.
  • Bio-Terrorism: Biotechnologyis boon for mankind but it is also a substantial threat because small amounts of biotic agents can be effortlessly hidden, transported and discharged into vulnerable populations.
    • Tropical agricultural pathogens or pests can also be used as anticrop agents tohamper food security
  • Cyber Attack:The world is moving towards a digital village where data is the new oil, terrorists use unlawful attacks in a country’s cyberspace, networks and use the information to intimidate or coerce a government or its people in furtherance of political or social objectives.

Looking ahead

  • Developing Cyber-Defence Mechanism:A holistic approach for dealing with cyber terrorism is necessary, whether it''s conducting cyber search operations or extending the scope of countermeasures against cyber attacks.
    • A clear public posture on cyber defencewill boost citizen confidence in the government thus enabling a more engaging, stable and secure cyber ecosystem.
  • Global Counter Terrorism Measures:Terrorism in all its forms and manifestations should be condemned. The international community should rise above political differences and defeat the challenge of terrorism.
    • Accepting a universal definition of terrorismand global sanctions against nations that are state sponsors of terrorism can pave a way for peaceful world order.
  • Capacity Building:India should move in the direction of specialisation of military to fight cross-border terrorism ensuring co-ordination among the intelligence and security agencies to check infiltration of terror activity.
    • Also in order to have speedy trials, India also needs to enhance its National Criminal Justice systemand implement strict legal protocol against terrorism
  • Curbing Terror Financing:There is a need to strengthen laws that require banks to perform due diligence on their customers and to report suspicious transactions to prevent terrorism. Also, India can move towards regulating cryptocurrency.
    • India to host“No Money for Terror” Conference in Delhi would be a step in this direction.
  • Reducing Youth''s Exposure to Terrorism:Given the important role of educational establishments in promoting the values of non-violence, peaceful coexistence and tolerance, education must feature prominently in counter radicalization programs.
    • Also, undertaking policies to tackle economic and social inequalities will help in deterring disgruntled youth from being lured towards terrorism.


POSTED ON 17-11-2022 BY ADMIN
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