Money Laundering: The Role Of Terrorism In The United States

A key point that I have learned this week is that terrorism can’t happen without the proper funding. Some terrorist groups raise money through employment at their job, while others have fundraisers and take charity donations. Don’t be fooled, most of these charity donations are a scam. Money laundering is one of the most popular ways that terrorist and criminals receive income. The difference is that terrorist will launder money to support their cause for terrorism, and criminals will launder money to spend on themselves. The first step to money laundering is placement. This is when someone places illegitimate profits into a legal financial system. Second is layering, which is covering the illegal profits. Take for example a dry cleaner’s that is a cover up for drug distribution. Last step is integration, which is presenting it like a legal business, and receiving all sorts of income through what it seems legal activity (White, 2014). Another arrangement of extorting money and contraband is the Hawala System. The Hawala system is quite fascinating because no money is moving in or out, and there is no evidence of money transferring. Take for example a person wanting firearms. The …show more content…
One of the major causes is corruption in a weak political economy. The government is unorganized and dysfunctional, they employ their citizens with low paying wages, refuse public services and pay, political leaders abusing their power for personal gain, corruption in the police and military departments, and lack of education and schools (Oladele, 2013). Police officers accept bribes, instead of arresting criminals and imprisoning them because of their low salaries. With this happening criminals are just released back into the streets to continue their wrong doings. Electoral ballots are being rigged with more than one vote from a single individual, and police refuse to do nothing about the situation (Okafor,