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Countering the Financing of Terrorism in the Conditions of Digital Economy

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Digital Transformation of the Economy: Challenges, Trends and New Opportunities

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 908))

Abstract

Terrorist activity is a particularly dangerous form of criminal activity that poses a threat to all mankind, along with environmental disasters and wars. The problems of countering the financing of terrorism are relevant in the context of the fight against crime for Russia and for the whole world. The financing of terrorism has long roots, but now the methods of financing are largely developed through the global Internet and the development of digital economy technologies. The continuous improvement of the Internet’s capabilities not only opens up additional prospects for the development of the world community, but is also accompanied by the emergence of a number of new global threats.

Traditional forms of financing terrorism are transformed using modern digital technologies - cryptocurrency and virtual currencies, crowdfunding, fundraising, social networks and Telegram channels are actively used by terrorist organizations. In a digital economy, terrorist acts can have an impact on government operations and finances, the cost of securities and the investment climate, significantly reduce tax revenues, help increase the share of military spending in the state budget, and have a devastating effect on the state and society as a whole.

The development of effective solutions to the problem of countering the financing of terrorism is one of the priority areas of scientific research. The article presents the results of an assessment of the main existing methods of financing terrorist activities and elaborated proposals for countering their proliferation and reducing the risks of activating new modern sources of enrichment of criminal communities.

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Authors and Affiliations

  1. Moscow Academy of the Investigative Committee of the Russian Federation, Moscow, Russia

    Anastasia Andrianova

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  1. Anastasia Andrianova
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Correspondence to Anastasia Andrianova .

Editor information

Editors and Affiliations

  1. Department of Applied Management, Samara State University of Economics, Samara, Russia

    Svetlana Ashmarina

  2. School of Accounting and Administration, Polytechnic Institute of Porto, São Mamede de Infesta, Portugal

    Anabela Mesquita

  3. Institute of Technology and Business, České Budějovice, Czech Republic

    Marek Vochozka

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Andrianova, A. (2020). Countering the Financing of Terrorism in the Conditions of Digital Economy. In: Ashmarina, S., Mesquita, A., Vochozka, M. (eds) Digital Transformation of the Economy: Challenges, Trends and New Opportunities. Advances in Intelligent Systems and Computing, vol 908. Springer, Cham. https://doi.org/10.1007/978-3-030-11367-4_2

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