THE CONCEPT OF SHAMING AND NAMING TO PREVENT THE FINANCING OF TERRORIST ACTIVITIES

Abstract

The terror movement can be measured by how many the supporting funds. Banking has become one of the important pillars for efforts to detect funding of terrorism, especially suspicious transactions. Without the involvement of banking institutions or other financial service providers, transactions will not occur unless they are sent by courier. This research seeks to find a concept so that banks and security forces, both of domestic and foreign, can stop the flow of funds for terrorism activities. The research design applied in this research is a case study with a qualitative approach and primary and secondary data collection methods through in-depth interviews, observation, documentation and literature study. While the analytical method applied to process the data obtained is the interactive analysis method (Huber and miles analysis). The results obtained from this research are when a transaction is used to finance terrorist activities, and then shaming and naming sanctions are an effective enough concept to be the answer to the problems that arise. The effect arising from the concept of Shaming & Naming is public distrusting of banks related to terrorism financing so that the bank becomes bankrupt due to being abandoned by its customers. With the concept of Shaming & Naming, banking institutions will be more disciplined in applying the principle of Know your customer.

Keywords

• terrorism funding
• banking
• shaming
• naming