Fighting counterfeiting – counter terrorism?
Counterfeiting is too often perceived as a victimless crime. However, as global counterfeiting is shown to directly fund terrorist groups, the rationale for combating counterfeiting must evolve accordingly
The rise of counterfeiting as a funding source can be explained by a shift towards small terror cells over the last two decades. The reduction of state-sponsored terrorism has forced terrorist groups to become financially self-sufficient, raising funds directly or through contributions from sympathisers (FICCI paper; EY report, 2013). However, anti-money laundering measures restrain the free transfer of funds to centralised terrorist organisations and to the cells carrying out attacks.
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