EMERGING RISKS OF DIGITAL DATA AND INFORMAL FINANCIAL CHANNELS IN TERRORIST FINANCING: IMPLICATIONS FOR CENTRAL ASIA AND UZBEKISTAN

Аннотация

This article looks at the growing risks of terrorist financing linked to digital technologies and informal financial channels, focusing on Central Asia and Uzbekistan.

Today, terrorist networks are increasingly using tools such as cryptocurrencies, online platforms, and informal systems like hawala, which offer speed, flexibility, and a certain level of anonymity. The study explores the main challenges connected with these developments, including gaps in regulation, limited technological capacity, and the difficulty of tracking financial activities that combine both formal and informal methods. It also considers Uzbekistan’s recent efforts to strengthen its AML/CFT system in response to these new threats.

The article concludes that addressing these risks requires not only stronger legal measures but also better technology and closer cooperation between countries.