Money Laundering – the Link between International Organised Crime and Global Terrorism

Marian I. Covlea ()

Knowledge Horizons - Economics, 2016, vol. 8, issue 1, 186-191

Abstract: The international organized crime networks (supported by “white collars”: experts, bankers, auditors, lawyers, as well as by government officials) practice smuggling (of weapons, ammunition, nuclear heads and substances, precious metals etc.), extortion, illegal migration, tax fraud, illegal gambling, kidnapping, blackmail, goods counterfeit, corruption and even murder in order to maximize their profits. These networks are interested in getting as much profit as possible for themselves, while the international terrorist groups are involved in violent public attacks (mainly explosions, with many human casualties, as well as airplane hijacking, hostages, military actions etc.) for political, ideological, national, ethnic and religious motivations. The international terrorist financing is the main link between organized crime, money laundering and international terrorism. Once this link annihilated, international terrorism will remain without its strongest financial support and thus it will be much easier eradicated.

Keywords: Transdisciplinary approach; organized crime; global terrorism; money laundering; tax fraud; corruption; white collar crime; Al-Qaeda; ISIS; cross-border migration; Tax Havens; Panama Papers (search for similar items in EconPapers)
Date: 2016
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