INFORMATION TECHNOLOGY, TERRORISM FINANCING AND FINANCIAL INSTITUTION’S ROLE IN COMBATING TERRORISM

Abstract

In these contemporary times, modern means of information technology that includes the internet and cyberspace are not  only  employed  for  positive  commercial  and  political  gains  but  also  for  criminal  strategies  that  include advancement of terrorism. Counter terrorism frameworks must also engage similar tools if it must remain effective in  the  contemporary  fight  against  this  hydra  headed  phenomenon.  This  article  examines  the  counter  terrorism landscape  and  its  intersect  with  modern  communication  technology  innovations.  Reflecting  the  new  threat  and challenge  that  modern  means  of  terrorism  pose  to  the  counter  terrorism  community,  this  article  argues  more prominently  that  effective  and  successful  counter  terrorism  seeking  to  address  contemporary  methods  of  terrorist recruiting,  financing  and  warfare,  require  a  collaborative  and  multilateral  cooperation  amongst  nations  and stakeholders. In addition, a counter terrorism information technology bias is critical to successful counter terrorism efforts.