Friday, January 4, 2013

Terrorist Financing

Terrorist Financing

Essential Documents

Financial Action Task Force: Forty Recommendations

The Financial Action Task Force (FATF) released its "Forty Recommendations" document in October 2003. The recommendations "now apply not only to money laundering but also to terrorist financing, and when combined with the Eight Special Recommendations on Terrorist Financing provide an enhanced, comprehensive and consistent framework of measures for combating money laundering and terrorist financing. "
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Follow the Money

Authors: Stuart Levey and Christy Clark
Foreign Policy
Stuart Levey and Christy Clark argue that the Financial Action Task Force (FATF) is the world's premier standard-setting body for combating terrorist financing and money laundering, and it should develop and enforce standards for sanctions implementation.
Must Read

CRS: Saudi Arabia: Terrorist Financing Issues

Authors: Christopher M. Blanchard and Alfred B. Prados
This CRS report for Congress reviews allegations of Saudi involvement in terrorist financing together with Saudi rebuttals, discusses the question of Saudi support for Palestinian organizations and religious charities and schools abroad, discusses recent steps taken by Saudi Arabia to counter terrorist financing (many in conjunction with the United States), and suggests some implications of recent Saudi actions for the war on terrorism.
Must Read

Washington Institute: Combating Terrorist Financing in Europe: Gradual Progress

Author: Michael Jacobson
In this policy paper, Michael Jacobson, a senior fellow in The Washington Institute's Stein Program on Terrorism, Intelligence, and Policy, says that despite new British initiatives to combat terrorist financing following the July 2005 terrorist subway and bus attacks in London and the disrupted terrorist plot to blow up U.S.-bound planes flying from Heathrow airport in August 2006, the efforts of the European Union (EU) to do the same lack consistency and effect. He says bureaucratic obstacles limit European efforts to designate terrorist entities and freeze their assets.
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