FATF Issues Paper Calling for Better Terrorist Financing Compliance and Enforcement

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Sunday, June 1, 2008
Author: 
Bruce Zagaris
Volume: 
24
Issue: 
6
Abstract: 
On February 29, 2008, the Financial Action Task Force (FATF) released a paper entitled ?Terrorist Financing? to identify four areas that may be the focus of efforts to further strengthen counter-terrorist financing efforts. The paper notes that terrorist financing is quite diverse and varies widely between organizations. Financing is required not just to fund specific terrorist operations, but also to fulfill the broader organizational costs of developing and maintain a terrorist organization and to establish an enabling environment necessary to sustain their activities...[more]