CYIL vol. 8 (2017)

CYIL 8 ȍ2017Ȏ MONEY LAUNDERING AS A FORM OF FINANCING TERRORISM … economic and political strategy of this terrorist organization is based on the maintenance of executive and technical staff within all administrative sectors, in strict observance of the principle of subordination. Especially important for carrying out terrorist activities is the financial strategy ISIL based on control of territory or resources. The specificity of this terrorist organization is reflected in its ability to provide a steady source of income by exploiting the territory they controlled, without firm reliance on external sources of funding and donations of natural persons ISIL injected into its funds for the logistical preparation and execution of terrorist attacks. 7

Scheme 1 .: Organizational structure of ISIL 8

3. Money laundering in international legislation National legislations and international organizations deal with various aspects of money laundering, trying to establish an adequate legal framework for the prevention of money laundering by organized crime and terrorist organizations. After the “9/11” attacks, the United Nations adopted the International Convention for the Suppression of the Financing of Terrorism 9 which created the foundation for further international legislation such as numerous conventions adopted by the Council of Europe or FATF recommendations. 10 9 Resolution 1373 (2001) Adopted by the Security Council at its 4385th meeting, on 28 September 2001 [2017] https://www.un.org/en/sc/ctc/specialmeetings/2012/docs/United%20Nations%20Security%20Council%20 Resolution%201373%20(2001).pdf Accessed 04 October 2017. 10 Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism [2017] https://www.coe.int/en/web/conventions/full-list/-/conventions/ treaty/198 Accessed 04 October 2017. 7 Ibid. 8 “ ISIS Financing ”, (Center for the Analysis of Terrorism. 2016 ) p. 11.

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