International efforts in suppressing the financing of terrorism in the context of legal harmonisation of the Republic of Serbia

Abstract

Contemporary terrorism is one of the critical social problems, a serious threat for life, basic rights of citizens and values of society. However, its financing it is recognized as a special security risk, as an illegal and very dangerous practice that represents a significant threat to national and international security. Terrorist organizations and their activities such as planning, preparation and execution of terrorist acts they are most often supported by funds from illegal sources, although the fact that in quite a few cases, financing is done with completely legal means. Given on the role that financing has, as an indispensable element of the fight against terrorism, is imposed precisely the fight against its financing. Due to the national and international character of this criminal activities, it is necessary that the efforts invested in suppressing financing and in general terrorism have a transnational character with a large investment in mutual cooperation. Only some of the efforts are the application of strict financial regulations, the monitoring of suspicious transactions and freezing the assets of suspected individuals or organizations involved in terrorism. Text aims to point out the institutionalized efforts that have been made so far in the field of combating the financing of terrorism. in addition, a review will be made mechanisms established by the Republic of Serbia in the field of combating the financing of terrorism, in accordance with the efforts of the international community in that field.