On September 11, 2001, 19 terrorists committed the largest and deadliest terrorist attack in the United States of America. The response from the inter-national community, and in particular the US, was swift. President George Bush declared what has commonly been referred to as either the ‘War on Terror’ or the ‘Global War on Terror’ on September 20, 2001. Four days later, he instigated the ‘Financial War on Terrorism’. This book defines and identifies the so-called ‘Financial War on Terrorism’. It provides a critical review of the impact of counter-terrorist financing strategies enacted by both individual jurisdictions and international organisations. Taking a comparative approach, the book highlights the levels of compliance in each selected jurisdiction and organisation with the requirements of the ‘Financial War on Terrorism’. The book analyses measures introduced by the United Nations, including the UN sanctions against terrorists and the operation of its anti-terrorist sanctions committees, and the Recommendations of the Financial Action Task Force. It also reviews the counter-terrorist financing measures of the European Union and the Council of Europe, paying particular attention to the Framework Decisions on Combating Terrorism, the Council Common Positions on Combating Terrorism and the EU Anti-Terrorism Sanctions Regime. The book goes on to review the measures put in place in the US following September 11, 2001. Offering a much-needed legal analysis of the measures enacted under the ‘Financial War on Terrorism’, this book is a valuable resource for those researching in law, terrorism studies, criminal justice, and finance.

The aim of this book is to make a significant contribution to guide countries in the financial war on terrorism. It is published by the Organisation for Economic Co-operation and Development on behalf of the Financial Action Task Force (FATF), the ...

The Financial Action Task Force is the international co-ordinator of the financial war against terrorism. It has 33 members who work together as a network of governments, regional and international organisations. This book brings together recommendations, guidelines and operational templates. It illustrates how terrorists hide their money and shows the ways that financial institutions, regulators and law enforcement agencies need to work together to root them out. It is in two parts: terrorist financing and money laundering.

"Ibrahim Warde exposes the Bush administration's much ballyhooed, but often duplicitous 'war on terrorist finances' which has nabbed few bad guys, ruined many innocents, frozen little hot money and vastly complicated worldwide banking for the greater glory of a burgeoning American bureaucracy."--Jonathan Randal, author of Osama: The Making of a Terrorist "Ibrahim Warde takes a long overdue skeptical look at the widely held view that money is the 'oxygen' of terrorism. That conclusion has resulted in a financial war on terror launched by the US government that in many cases has produced meager or even counterproductive results. Warde writes with great clarity, and his book is very well reported. It is a welcome addition to a field that has been largely the preserve of alarmists with little interest in the kinds of reporting done by Warde."--Peter Bergen, author of The Osama bin Laden I Know "A pleasure to read ... remarkably informative about a subject that the press seems to have mangled. This ought to have a big impact."--Chalmers Johnson, author Blowback: The Costs and Consequences of American Empire "Is it any wonder that with thinking like this, American policy went adrift in the war on terror, not able to find a solid base on which to move forward?"--Patrick Lloyd Hatcher, author of North Atlantic Civilization at War "A witty, irreverent analysis of the financial 'war on terror' ... A must read for anyone interested in the Middle East and the global economy."--Clement M. Henry, co-author of Globalization and the Politics of Development in the Middle East

After the attacks of 9/11 terrorism and other forms of transnational risks of violence dominated official security policy. Researchers at the Institute for Peace Research and Security Policy at the University of Hamburg investigated the consequences of this change for security governance in a multi-annual research program. Case studies show that transnational security policies changed, but that national governments remained dominant. In other words, the transnationalisation of threat perceptions only led to a limited internationalisaton of security policies. The volume presents results of the research program. It combines conceptual work on security governance with empirical research, for instance on counterterrorism, changing perceptions of security in international organizations, such as the European Union and the Organization for Security and Co-operation in Europe.

Countering Terrorist and Criminal Financing provides an up-to-date overview and critical analysis of terrorism financing, focusing on tactics and practical measures directed at preventing money laundering and countering the flow of terrorism funding. In doing so, the book details some of the major doctrines, outlining policies of states and key regional and global partnerships in Europe, Asia, North America, South America, the Middle East, and Africa. Chapters bring together a diverse range of expert scholars and practitioners who specialise in theoretical principles, utilising empirical research and an analysis of the cross-national networks and cross-group collaborations that underpin the illicit activities that fund such groups. The book serves as the most current and comprehensive resource in the area of countering the financing of terrorism and organised crime—incorporating regional and group-specific approaches, challenges, and consequences. This focus encompasses legal measures, social policies, and military operations and security force responses by states and non-state actors to assemble the most up-to-date counter-terrorist financing information into a single volume.

In The Flow of Illicit Funds, Ola M. Tucker uses recent case studies to provide compliance professionals with a holistic understanding of the modern money laundering system and to give them a foundation to better detect and deter it.

Develops a model that enables policymakers and analysts to understand how terrorist financial networks work, how current policies targeting those networks will affect them, and how terrorist organizations are likely to react to those policies. The author makes a series of recommendations and suggests areas for further information use or collection.