A Review of Sources on Terrorist Financing

• Author: Muhamet Aliu - Mejdi Bektashi - Arben Sahiti - Arbana Sahiti
• Position: Associate Professor, PhD, Faculty of Economics, University of Prishtina, Kosovo - Prof.Asoc. Dr. Faculty of Law, University of Prishtina, Kosovo - Teaching Assistant, PhD Candidate, Faculty of Economics, University Kadri Zeka Gjilan, Kosovo - Teaching Assistant, PhD Candidate, Faculty of Economics, University of Prishtinë, Kosovo
• Pages: 97-108

JURIDICA

97

A Review of Sources on Terrorist

Financing

Muhamet ALIU

1

, Mejdi BEKTASHI

2

, Arben SAHITI

3

, Arbana SAHITI

4

Abstract: Terrorism financing is one of the most complex problems the democratic world is facing

today. The transfer of funds to support terrorist activities has created enormous challenges across the

world. This has fuelled several inter-religious and nationalist hate, and as su ch has put many nations

into war with terrorist organisations. The main objective of this study is to review th e sources of

terrorist financing. The paper relies on secondary data that were drawn from various books, journals,

as well as from institutional materials relevant to the issues raised. It concludes that terrorists are

exploiting established financial systems at the global level to move their finances, and that informal

systems remain the biggest challenge to thwart terrorist activities.

Keywords: transfer; model; activities

JEL Classification: F30; F65; G21

1. Introduction

Terrorism has a global reach, in terms of its activities and funding sources. Money

is the engine that propels terrorist activities. A vital aspect of the global “war on

terror” over the past decade has been the fight against financing terrorism

1

Associate Professor, PhD, Faculty of Economics, University of Prishtina, Kosovo, Address: Str

Mother Teresa 10000 Prishtinë, Kosovo, Tel.: +38138244183/244186, Fax: +38138244187, E -mail:

muhamet.aliu@uni-pr.edu.

2

Prof.Asoc. Dr. Faculty of Law, University of Prishtina, Kosovo, Address: Agim Ramadani p.n.,

10000 Prishtina, Kosovo, Tel.: +381 38 229 763, Fax: +38138229744, Corresponding author:

mejdi.bektashi@uni-pr.edu.

3

Teaching Assistant, PhD Candidate, Faculty of Economics, University Kadri Zeka Gjilan, Kosovo.

Address: Str. Zija Shemsiu nn Gjilan, 60000, Koso vo, Tel.: +381280390112, E -mail:

arben.sahiti@uni-gjilan.net.

4

Teaching Assistant, PhD Candidate, Faculty of Economics, University of Prishtinë, Kosovo.

Address: Str Mother Teresa 10000 Prishtina, Kosovo, Tel.: +381 38244183/244186, Fax:

+38138244187, E-mail: arbana.sahiti@uni-pr.edu.

AUDJ, vol. 13, no. 1/2017, pp. 97-108