#QuickbiteCompliance day 267
🔍 How Do Terrorists Get Money? Let’s Break It Down Simply!
Terrorist groups need money to operate—just like any organization. But they use sneaky, harmful ways to get it. Here’s how it works:
### 🌍 2 Main Ways Terrorists Fund Their Activities
1. “Friends” with Money: Countries, groups, or people who support their cause send cash secretly. Example: A “charity” collects donations for orphans but diverts funds to buy weapons instead .
2. Crime for Cash: Terrorists run illegal businesses:
– Drugs & Smuggling: Moving drugs, weapons, or even people across borders .
– Everyday Crimes: Credit card scams, kidnapping for ransom, or taxing communities under their control (“Give us money or else!”) .
### ⚠️ Real Bad-Guy Tricks
– Trade Abuse: In West Africa, terrorists sell cheap fuel or grain across borders to fund attacks .
– Cash Couriers: They hide money in suitcases, cars, or even livestock to avoid banks .
– Social Media Manipulation: Posting emotional stories to attract donations for fake causes .
### 🛡️ How We Fight Back
Tech is our superhero!
– #InclusiveRegtech: Tools like Mulai Console help small banks & fintechs spot suspicious money flows without costly teams .
– #OpenSourceAML: Free OSINT tools (e.g., sanction lists, leaked databases) track hidden terror money .
– Global Teamwork: Countries share alerts to freeze assets—like when Europe stopped €18K funding a fighter’s travel to conflict zones .
💡 Key Insight: Terrorist financing isn’t just “big evil”—it’s hidden in everyday crimes. By disrupting their cash, we save lives!
👉 Learn to spot financial crime: [ACAMS Glossary of Terms](https://www.acams.org/en/resources/aml-glossary-of-terms)
#TerroristFinancing #StopTerrorFunding #FinancialCrime #InclusiveRegtech #OpenSourceAML #100HariNulis #SecureFinance #AntiMoneyLaundering #GlobalSecurity #FintechForGood
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P.S. Together, smart tech + awareness can starve terror networks. What’s your org doing to help? Share below! 👇