Demonetisation and Beyond: Addressing the Finance of Terrorism

The objective of demonetisation is linked with removing unaccounted wealth (black money), criminal proceeds (which is different from black money), as well as FICN and Indian currency hoarded and distributed by terrorist groups. There are different estimates of the percentage of cash within the overall share of each of these three categories. However, irrespective of the percentage of cash, it is certain that removing a major portion of cash alone will not resolve any of these challenges. There is a need to take interlinked steps and it is only the sum of these individual initiatives that can impact the larger fight against the financing of terrorism.

Source: Demonetisation and Beyond: Addressing the Finance of Terrorism

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Middle East MEDIA SCOPE, LTD Middle East MEDIA POST, LLC MEMBER@ ADVISORY BOARD, DEFENCE UNLIMITED.COM (CANADA) ASSOCIATE@TheIntelligenceCommunity
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