Combating the Financing of Terrorism

نبذة عن كتاب Combating the Financing of Terrorism

The terrorist threat in the 21st century is global and the accompanying illicit processes of terrorists funding, raising and transferring of monies is on an international scale. Therefore, this paper is, without apology, wide ranging and examines the difficulties of combating the financing of terrorism in terms of time scale, geography and economics; the difficulties faced by the intelligence services; the modus operandi of terrorist financing and possible exploitation of economic sectors by terrorist groups; and the perspectives and reactions of the private financial sector, especially the banking institutions. In addition, international counter-measures to terrorist financing are outlined which, if they are to be fully successful, have resource implications for the private financial sector. Finally, the Middle East and the Arabian Gulf countries are examined as regional examples of how anti-terrorism funding directives are being implemented. International terrorism is and will remain a near constant threat in the 21st century. Therefore, applying effective international cooperation in intelligence exchange; maintaining an open-minded approach to changeable terrorist funding patterns; and proactive recognition of intelligence indicators in combating the financing of terrorism can be a powerful deterrent to global terrorist activity.