The global system of counter-terrorist finance

What has it achieved; what can it achieve?

Authored by: Peter Sproat

Routledge Handbook of Law and Terrorism

Print publication date:  July  2015
Online publication date:  July  2015

Print ISBN: 9780415870375
eBook ISBN: 9780203795835
Adobe ISBN: 9781134455096

10.4324/9780203795835.ch16

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Abstract

Extremist groups that commit acts of terrorism require finance for a wide variety of purposes. 1 At minimum funds are required to obtain, maintain, and accommodate armaments, if not personnel, and to move both into range of a target. At most, extremist groups aim to fund political and social activities, such as propaganda and welfare, so they can sustain support over the long term. Pre-crime payments include everyday items such as rail tickets as well as specialist materials and services such as counterfeiting. Post-crime costs include those associated with escaping and aiding dependents of those captured or killed. Whilst such fundraising is the most obvious aspect of terrorist finance it is not the only one, and here the term is used to refer to the raising, storing, concealment, and transfer of such funds. Terrorist finance may be generated, hidden, and moved via both legal and illegal means, with or without the use of legitimate businesses or non-profit organisations (NPOs). 2

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