Financial Terrorism is nothing but new found wave of the influence of money to propagate terrorism activities. Financial terrorism is nothing but terrorist funds coming into the country in the form of hawala transfers, foreign contributions and religious donations. Financial terrorism has become a major concern for the intelligence agencies and the police. The Financial Intelligence Bureau had pointed out the large number of funds that were entering into the country from terrorist outfits in order to carry out terror attacks. Goverment of India has a dedicated cell to track such money inflows and outflows named as Financial Intelligence Bureau(FIU). According to the latest data from FIU the number of suspicious and malicious money transactions for the year 2007 has already surpassed the 2006 data. So it is alarming. Hence when the whole of India is euphoric with each passing record breaking stock market performance their is a cause for some skepticism on the genuinity of the money that is being supplied around. It also involves all other known money flow methods like fake notes etc. where the usage of technology are being improved upon a lot which is very diffciult to judge for a common man as to which is the original and which one is the duplicate.
Ajit
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