White-Collar Terrorism: A Critical Analysis Of Indian Laws And Regulations
- IJLLR Journal
- 1 hour ago
- 1 min read
Gitarthi Chandra, Symbiosis Law School, Hyderabad
ABSTRACT
White-collar terrorism is the new and sophisticated form of contemporary terrorism because its participants are people holding professional, financial, or influential status and make terrorist actions possible through non-violent and indirect means. In contrast to traditional terrorism, which is described as physical violence and militant activities, white-collar terrorism is done using financial manipulation, technological and institutional support, and logistical coordination. Corporate executives, financial intermediaries, engineers and technology experts can be a part of extremist circle by facilitating money laundering, illegal transfer of funds, misappropriation of charitable organizations, cyber-fund raising and shell corporations. These activities are also hard to spot since they usually operate within legitimate financial and organizational statistics. The beginning of the rapid growth of financial systems, digital technologies and transnational networks in the Indian context have enhanced the susceptibility to such covert types of terrorist facilitation. Though India has a number of legal tools that can be used to fight terrorism and financial crimes namely the “Unlawful Activities (Prevention) Act, 1967”, “Prevention of Money Laundering Act, 2002” and “Foreign Contribution (Regulation) Act, 2010”, the laws tend to target terrorism and financial crimes individually. This paper assesses the appropriateness of the prevailing legal system in dealing with the cross-over of professional economic crime and terrorism and a reform of the legal and regulatory response with a view to making them more robust whilst safeguarding the rights of the constitution.
Keywords: White Collar Terrorism, Cyber Crime, National Security Threat, Cross-Border Crimes, Financial Fraud, Corporate Crimes, Money Laundering, Corruption.
