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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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Op-Ed

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.


Levitt: Iran Feeling Squeeze from Financial Sanctions

Matthew Levitt, an expert on terrorism financing, applauds efforts by U.S. officials to "think outside the box" and apply financial pressure against Iranian banks.
Must Read

Washington Institute: Follow the Money: Challenges and Opportunities in the Campaign to Combat Terrorism Financing

Author: Matthew Levitt
Notes of remarks by Matthew Levitt at a recent Washington Institute policy forum on combating terrorism financing in which he said that in addition to publicly reported interventions to disrupt the financing of terrorist activities, the US government and its allies are also conducting equally productive anti-terror activities through diplomacy, law enforcement, covert activity, and intelligence collection.
Must Read

CRS Report: Terrorist Financing

Author: Martin A. Weiss
Stopping the ability of terrorists to finance their operations is a key component of the U.S. counterterrorism strategy. To accomplish this, the Administration has implemented a three-tiered approach based on (1) intelligence and domestic legal and regulatory efforts; (2) technical assistance to provide capacity-building programs for U.S. allies; and (3) global efforts to create international norms and guidelines. Effective implementation of this strategy requires the participation of, and coordination among, several elements of the U.S. Government. This report provides an agency-by-agency survey of U.S. efforts.
Must Read

CRS Report: Saudi Arabia: Terrorist Financing Issues

Authors: Alfred B. Prados and Christopher M. Blanchard
This report reviews allegations of Saudi involvement in terrorist financing
together with Saudi rebuttals, discusses the question of Saudi support for religious
charities and schools (madrasas) 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.
Task Force Report No. 40B

Update on the Global Campaign Against Terrorist Financing

While “al-Qaeda’s current and prospective ability to raise and move funds with impunity has been significantly diminished...al-Qaeda and other terrorist organizations still have ready access to financial resources, and that fact constitutes an ongoing threat to the United States.” So warns this independent Task Force report, a follow-on to the Council’s 2002 report that concludes individuals and organizations based in Saudi Arabia were the most important source of Qaeda funding.
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Task Force Report No. 40

Terrorist Financing

After an initially robust attempt to curtail financing for international terrorism, the Bush administration’s current efforts are strategically inadequate to assure the sustained results needed to protect U.S. security. This is the core finding of a bipartisan commission chaired by Maurice R. Greenberg, chairman and chief executive officer of AIG, and directed by two former National Security Council officials who are experts in the field, William F. Wechsler and Lee S. Wolosky.
Essential Documents

Executive Order 13129, Blocking Property and Prohibiting Transactions with the Taliban



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