Terrorism Narcoterrorism & Money Laundering Term Paper

A much more important avenue of interdiction to combat terrorism (and the drug trade, for that matter) is money laundering, by which money for illegal goods and services changes hands on the black market. Money laundering is facilitated by corruption within state institutions and international banks and can be most effectively fought there (Blank, 2001). Some potentially effective means of reducing money laundering include: providing more oversight and transparency to international banking, reducing layers of bureaucracy in government institutions in which below-board transactions can take place beyond the reach of law enforcement, and enacting strict penalties for corruption.While it will be impossible to fully eliminate money laundering, these are important key steps that can be taken.

References

Blank, S. (2001, December). Narcoterrorism as a threat to international security. World and I, 16(12), p. 265.

Felbab-Brown, V. (2006, January). A better strategy against narcoterrorism. MIT Center for International Studies. The Audit of Conventional Wisdom.….....