India moving in right direction: ‘Following the money’ is key to counter terrorism

News Snapshot:

With each passing year, the economic and financial dynamics of terrorism have rapidly evolved and diversified. From offshore financial centres to cryptocurrency, crowdfunding to social media platforms, terror outfits have adapted and innovated with alarming efficiency to raise and manage their funds. As India hosts the No Money for Terror summit, it’s evident that “following the money” is essential to counter terrorism. There is nearly universal consensus that terrorist funding is poorly understood and therefore extremely difficult to control. Despite years of analysis and research, the amount of information on the channels of funding remains woefully inadequate. The International Monetary...