ATbar Shamir, Shira

Shamir, Shira

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Post 9/11 International and Regional Cooperation in Counter-Terrorist Financing: An Overview

23/09/2012

Counter-Terrorism Financing (CTF) is a vital component of the fight against global terrorism and requires an internationally coordinated approach. Although there have been major developments by the international community through the UN and Financial Action Task Force (FATF) as well as regional organizations to enhance cooperation, results have been underwhelming and a strong international regime to combat the financing of terror has yet to emerge. This article provides an overview of post 9/11 international and regional cooperation efforts to counter terrorist financing and an assessment of those efforts. In order to truly improve international cooperation in the field of CTF and to effectively weaken terrorist financing networks, challenges must be identified and addressed and global strategies must be adjusted to suit the needs and capacities of the international community.

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