Asset Forfeiture as a Tool in Combating Terrorist Financing Essay

asset Forfeiture as a Tool in Combating Terrorist Financing - Essay ExampleThis research go out begin with the statement that summation forfeit can be employed as a tool against terrorist support to control this crime. Asset forfeiture jurisprudence of natures allow for the seizure (and eventual forfeiture) of property connected with evil military action. In addition, Worrall informs, forfeiture extends beyond criminal proceeds to include property that is utilise to facilitate or carry turn out criminal activity. Such forfeitures can include property that is utilize or intended to be used in both manner or part to commit or facilitate the commission of a violation Therefore, asset forfeiture is a confiscation of the assets that are part of a criminal activity and among such criminal activities, terrorism is of superior quality as it affects a wide number of stack nationally as well as transnationally. The law enforcement agencies working in the USA are of the cerebr ation that asset forfeiture is a fruitful way to combat against terrorist financing. Eric Green informs that specie laundering and terrorist financing are such criminal activities that can be controlled by means of asset forfeiture, as the criminal proceeds will be taken remote from the criminals. The illegal forces are somewhat dejected to handicap their unlawful activities and the proceeds can be utilized for building purposes. According to Green, Asset sharing enhances international forfeiture cooperation by creating an incentive for countries to work together, regardless of where the assets are located or which jurisdiction will ultimately enforce the forfeiture order. Therefore, asset forfeiture to control terrorist financing can be used for increasing cooperation between countries and this cooperation is also for combating against terrorism financing internationally.Asset forfeiture is also categorized by some critics as an effort to rob quite a little of their arights un der jurisdiction. They claim that government tries to snatch away peoples property making them liable for any criminal activity whether they are indulged in it or not (Levy, 1996). There should be proper lawful activity and the accuser should be facilitated with a right to fight for his right. Otherwise, law enforcement officials consider it their right to confiscate any one from his assets accusing him of involving in any kind of crime (Levy, 1996).To combat terrorist financing, the government of USA has taken enough measures out of which, categorization of fly-by-night activities is one. Incoherent account transactions, high amount of inward bound and outward account transactions without any specified purpose or reason, transference of large amounts of money from one bank account to some other on the name of charities with no particular need and so on. All the mentioned activities point towards suspicious activities and condescend under suspicion in terms of terrorist financing and require a check from law enforcement agencies. If the people using account for any suspicious activity are caught and there are proofs for terrorist financing, then asset forfeiture or confiscation is taken as a crucial step by law enforcement authorities with prior permission from government bodies (Rush & Hackett, 2004).Credit card fraud, smuggling, welfare fraud, trading, money laundering methods for monetary resource transfers and much more are employed by terrorists on international basis for transferring and using money for terrorist activities (Levy, 1996). According to The Economist (2005), Many experts, both in government and the private sector, admit that the chances of detecting terrorists monetary resource in a bank sufficiently far in advance of a planned glide slope that it can be prevented are incredibly small. Because of minimized chances to stop such activities and financial transactions, the government and law enforcement agencies carry a higher responsibil ity to find solutions to handle international