Terror Financing Networks — Prelims Strategy

Prelims Strategy

For Prelims, focus on factual accuracy and conceptual clarity. Master the key legal provisions: PMLA 2002 (especially Sections 3, 4, 12, 17) and UAPA 1967 (Sections 15, 17, 18, 20), along with their significant amendments and years.

Understand the mandates and roles of crucial institutions like FIU-India, Enforcement Directorate (ED), National Investigation Agency (NIA), and the Financial Action Task Force (FATF). Memorize the core principles of FATF's 40 Recommendations and the key UN Security Council Resolutions (1267, 1373, 1540).

Be clear on the distinction between terror financing and money laundering. Identify and remember the various methods of terror financing (hawala, trade-based money laundering, cryptocurrency, charitable misuse) and their basic detection indicators.

Pay close attention to current affairs related to FATF grey/blacklists, major NIA busts, and any new government policies or international agreements on terror financing. Practice MCQs that test your knowledge of legal sections, institutional roles, and the characteristics of different financing methods.

Create flashcards for quick recall of facts and figures.