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How does terrorism financing compare to other forms of illicit funding, such as money laundering and drug trafficking?

Dominque Smieton

Terrorism financing is the money that terrorists use to buy things like weapons, bomb materials, and food. It is like a bank account for terrorists. They get the money from illegal activities like drug trafficking and money laundering.

Money laundering is when people try to make their illegal money look like it came from a legal source. They do this by moving the money through different accounts and countries. Drug trafficking is when people sell illegal drugs like cocaine and marijuana to make money.

Terrorism financing is different from money laundering and drug trafficking because it is specifically used to support terrorist activities. This means that the money goes directly towards things that could harm people and countries. The other illegal activities are still bad, but the money may not always go towards harming people.

That is why governments try to stop terrorism financing by tracking the money and cutting off the sources. This helps to stop terrorist activities before they happen and keeps people safe. So, we should all work together to stop terrorism financing and make the world a safer place for everyone.