MONEY LAUNDERING AND TERRORISM FINANCING: AN …

MONEY LAUNDERING AND TERRORISM financing : AN OVERVIEW Jean-Fran ois Thony1 The purpose of this overview is to examine why and how criminal and terrorists organizations use legitimate financial institutions to move and store assets, and how lawmakers have built on that fact to propose innovative and more efficient responses to crime problems. Profits generated by some organized criminal activities, such as drug trafficking or traffic in human beings, cause a threat not only to public safety, because of the huge economic power accumulated by a number of criminal organizations, but also financial systems themselves and to economic development. Recent events showed that terrorist groups also build financial empires, the purpose of which are specifically to undermine public safety and international financial stability.

The Sources of Terrorism Financing ... Combating the money from crime also means suppressing the ultimate purpose of criminal activities making profits. It is a way to suppress the means for doing harm and, finally, a way for law enforcement to penetrate organized crime.

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  Money, Financing, Terrorism, Laundering, Financing of terrorism, Money laundering and terrorism financing, Suppressing

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