The Quarterly Journal of Judicial Law Views

The Quarterly Journal of Judicial Law Views

Legal study of targeted financial sanctions on Terrorist organizations and individual terrorists

Authors
Naser Gasemi
Ahmad Ali Sales Moayyad
Abstract
Targeted financial sanctions are actions taken by governments or international institutions against persons and entities with specific characteristics to prevent them from engaging in dangerous activities by restricting their access to financial resources and services. The main question of the present study is what is the legal nature of targeted financial sanctions and how it is applied in the legal system? This study shows that many of the criticisms that have entered into this type of sanctions; Like its uncertainty, the deprivation of persons of the right to trial and the right to defense, etc. is incorrect and is due to the confusion of the nature of this institution with punishment. The use of targeted financial sanctions to prevent the financing of terrorism requires a change in the definition of the crime of terrorist financing, so that in the definition of this crime, in addition to financing terrorist acts, the financing of terrorist organizations and individual terrorists must also be considered. This would result that the competent authorities do not need to establish and prove the connection between the funds and other assets of these persons with a specific terrorist act in order to freezing their property.
Keywords
Financial sanctions
targeted financial sanctions
terrorist financing
terrorist acts
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