The uphill battle against terrorism financing

Dirty money: Botswana is cranking up its defences
Dirty money: Botswana is cranking up its defences

The provision of funds or resources (guns, arms or weapons of war) to a terrorist or terror organisation(s) has become a huge problem for governments across the world.

This manifests itself in many ways, with some countries being used as potential conduits for the passage of such transactions and other illegal transactions. It creates a much bigger challenge for financial institutions that have an obligation to fight against terrorism financing (Counter-Terrorism Financing) as per regulatory requirements.

The fact that terrorism financing can either be through legitimate funds (personal donations from salary or business profit donations) or funds from criminal activities (e.g. drug money) becomes a challenge for financial institutions to distinguish the true source and purpose of funds.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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