GS3 · 15 marks · 250 words

Discuss how emerging technologies and globalization contribute to terror financing. Elaborate measures to tackle the menace of terror financing both at national and international levels.

Answered by 3 toppers · CSE 2025

Money LaunderingCyber SecurityTerrorism

Syllabus: Challenges to internal security through communication networks, role of media and social networking sites in internal security challenges, basics of cyber security; money-laundering and its prevention.

How toppers approached it

From all 3 answers · about 200 words · 33% drew a diagram.

Opening

  • No separate opening3 of 3

Body

  • Points2 of 3
  • Points and prose1 of 3

Close

  • A way forward2 of 3
  • A summary1 of 3

The toppers’ answers

Ujjwal PriyankAIR 10 · CSE 2025 · 154 wordsTheir whole copy

Opening

Terror financing has become more sophisticated and difficult to track due to increasing use of digital technologies and emergence of global market.

Body · points and prose

Role of technology

  1. Blockchain technology: Emergence of crypto currency has made it difficult to track the identity.
  2. Money laundering through hawala transaction where the "layering" is difficult to track.
  3. Use of Unmanned Aerial vehicles for trafficking of arms and drugs under organised crime.
  4. Cyberspace emerging as a space for fund generation and cyberterrorism.
  5. Role of international NGOs: Many civil society are involved in Terror financing. Eg: FCRA regulation in India.

Thus measures are needed at both national as well as global levels to tackle the menace.

National Level

  1. Strengthening PMLA via recent amendment to involve virtual digital assets.
  2. Ensuring digital adoption via Enforcement Directorate
  3. Enhanced border surveillance to track drones.
Diagram
Global level efforts 1) Role of Financial Action Task Force (FATF) can be improved 2) No Money For Terror -> collaboration with France 3) Surveillance of digital tools in dark web via RAT at SCO

Close · a way forward

Thus, this menace of cyberspace for terror financing needs proactive support of multiple stakeholders.

More on Money Laundering

Laundering and its prevention, hawala, benami and shell entities, the PMLA and the FATF, financial crime.

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