New Technologies, New Risks?: Innovation And Countering Terrorist Financing

Nonfiction, Social & Cultural Studies, Political Science
Cover of the book New Technologies, New Risks?: Innovation And Countering Terrorist Financing by Zerzan Andrew, World Bank
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Zerzan Andrew ISBN: 9780821380864
Publisher: World Bank Publication: November 20, 2009
Imprint: Language: English
Author: Zerzan Andrew
ISBN: 9780821380864
Publisher: World Bank
Publication: November 20, 2009
Imprint:
Language: English
The rise of information and communication technologies in the past decades has facilitated major economic development. It has expanded access to financial resources to empower the poor. It has even given tools to government to detect and monitor criminal activity. Computers systems have been developed that can automatically flag and react to suspicious transactions, allowing law enforcement to better protect the market from abuses from petty fraud to terrorist activity. In sum, these new technologies offer great opportunities to improve and protect the lives of people everywhere. Paradoxically, the same innovations that can be used to detect and disrupt criminal abuses also can be instrumental in buoying it. New technological developments often arise without the knowledge of lawmakers and the agencies typically in charge of supervising them. Fast-moving terrorist organizations can take advantage of this unawareness to accomplish their insidious goals. The two-sidedness of technological advancement requires a constant vigilance on the part of policymakers, law enforcement and intelligence in mitigating the risks of terrorism while simultaneously promoting development, which, ultimately, will reduce many of the factors that lead to terrorismCountries have called on the World Bank to provide greater information on these New Payment Methods. The most common are mobile phones, the Internet and electronic value cards. Each of these carries varying levels of opportunity as well as risk. Because of their newness, many have yet to be regulated or even fully considered by governments. This means that the financial transactions channeled through them can fall outside the financial regulatory umbrella, existing in a grey zone between the informal and formal financial services. The paper explores these various channels, indications of their vulnerability to terrorist financing abuse and ways that the industry and governments are mitigating them.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
The rise of information and communication technologies in the past decades has facilitated major economic development. It has expanded access to financial resources to empower the poor. It has even given tools to government to detect and monitor criminal activity. Computers systems have been developed that can automatically flag and react to suspicious transactions, allowing law enforcement to better protect the market from abuses from petty fraud to terrorist activity. In sum, these new technologies offer great opportunities to improve and protect the lives of people everywhere. Paradoxically, the same innovations that can be used to detect and disrupt criminal abuses also can be instrumental in buoying it. New technological developments often arise without the knowledge of lawmakers and the agencies typically in charge of supervising them. Fast-moving terrorist organizations can take advantage of this unawareness to accomplish their insidious goals. The two-sidedness of technological advancement requires a constant vigilance on the part of policymakers, law enforcement and intelligence in mitigating the risks of terrorism while simultaneously promoting development, which, ultimately, will reduce many of the factors that lead to terrorismCountries have called on the World Bank to provide greater information on these New Payment Methods. The most common are mobile phones, the Internet and electronic value cards. Each of these carries varying levels of opportunity as well as risk. Because of their newness, many have yet to be regulated or even fully considered by governments. This means that the financial transactions channeled through them can fall outside the financial regulatory umbrella, existing in a grey zone between the informal and formal financial services. The paper explores these various channels, indications of their vulnerability to terrorist financing abuse and ways that the industry and governments are mitigating them.

More books from World Bank

Cover of the book Beyond the Gap by Zerzan Andrew
Cover of the book South Asia's Hotspots by Zerzan Andrew
Cover of the book Reducing Inequality For Shared Growth In China: Strategy And Policy Options For Guangdong Province by Zerzan Andrew
Cover of the book Accelerating The Education Sector Response To Hiv: Five Years Of Experience From Sub-Saharan Africa by Zerzan Andrew
Cover of the book Convenient Solutions For An Inconvenient Truth: Ecosystem-Based Approaches To Climate Change by Zerzan Andrew
Cover of the book East Asia's Changing Urban Landscape by Zerzan Andrew
Cover of the book Urban Risk Assessments: An Approach for Understanding Disaster and Climate Risk in Cities by Zerzan Andrew
Cover of the book Two Dragon Heads: Contrasting Development Paths For Beijing And Shanghai by Zerzan Andrew
Cover of the book World Bank East Asia and Pacific Economic Update 2010 Volume 2: Robust Recovery Rising Risks by Zerzan Andrew
Cover of the book The Growth Report: Strategies For Sustained Growth And Inclusive Development by Zerzan Andrew
Cover of the book Growing Industrial Clusters In Asia: Serendipity And Science by Zerzan Andrew
Cover of the book Border Management Modernization by Zerzan Andrew
Cover of the book Strengthening Bolivian Competitiveness: Export Diversification And Inclusive Growth by Zerzan Andrew
Cover of the book Equality For Women: Where Do We Stand? by Zerzan Andrew
Cover of the book World Investment And Political Risk 2010 by Zerzan Andrew
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy