Strategies for preventing terrorism financing in developing countries

Abstract

This paper aims to provide strategies for preventing terrorism financing in developing countries. A qualitative study using a descriptive synthesis of selected recommendations from reliable databases and grey literature from reputable organisations. This study found that the approach to preventing terrorism financing of all kinds should be similar, especially in developing nations. 31 strategies were identified. For effectiveness, the strategies should be combined. Future studies may consider using interview data from counter-terrorism and countering the financing of terrorism experts or comparing the strategies used in other developed countries to assess which methods are most effective and efficient for developing countries. Countering the Financing of Terrorism through conventional institutions and other alternative means is crucial to stopping terrorism and organised crime in developing nations. A primary recommendation was that relevant central authorities implement the Sustainable Development Goals (SDGs) in developing countries for easy coordination. Considering that 2030 is the timeline for the SDGs, more efforts are required to achieve milestones within the available time. Prioritising the 17 SDG goals should start by resolving environmental issues as a foundation for attaining societal and economic needs using a whole-of-government and whole-of-society approach. This study assessed the adoption of a combination strategy or an integrated approach to disrupting terrorism financing and its emerging links with organised crime in developing countries.