On September 11, 2001, 19 terrorists committed the largest and deadliest terrorist attack in the United States of America. The response from the inter-national community, and in particular the US, was swift. President George Bush declared what has commonly been referred to as either the ‘War on Terror’ or the ‘Global War on Terror’ on September 20, 2001. Four days later, he instigated the ‘Financial War on Terrorism’. This book defines and identifies the so-called ‘Financial War on Terrorism’. It provides a critical review of the impact of counter-terrorist financing strategies enacted by both individual jurisdictions and international organisations.
Taking a comparative approach, the book highlights the levels of compliance in each selected jurisdiction and organisation with the requirements of the ‘Financial War on Terrorism’. The book analyses measures introduced by the United Nations, including the UN sanctions against terrorists and the operation of its anti-terrorist sanctions committees, and the Recommendations of the Financial Action Task Force. It also reviews the counter-terrorist financing measures of the European Union and the Council of Europe, paying particular attention to the Framework Decisions on Combating Terrorism, the Council Common Positions on Combating Terrorism and the EU Anti-Terrorism Sanctions Regime. The book goes on to review the measures put in place in the US following September 11, 2001.
Offering a much-needed legal analysis of the measures enacted under the ‘Financial War on Terrorism’, this book is a valuable resource for those researching in law, terrorism studies, criminal justice, and finance.
Table of Contents
1. Introduction 2. The United Nations and Financial Action Task Force 3. The European Union 4. The United States of America I 5. The United States of America II 6. The United Kingdom I 7. The United Kingdom II 8. Switzerland 9. Saudi Arabia 10. Conclusions and Recommendations
Dr Nicholas Ryder is a Reader in Law and head of the Commercial Law Research Unit at the University of the West of England. His research interests are financial crime. He has published articles in the Cambridge Law Journal, Legal Studies, the Journal of Business Law and the Journal of Consumer Policy.
'We feel the work offers a much-needed legal analysis of the measures enacted under the 'Financial War on Terrorism' and is a valuable resource for those researching in law, terrorism studies, criminal justice, and finance.' - review by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers,UK on Amazon.co.uk.
'This is an authoritative comparative legal examination of the nature and effectiveness of the measures implemented globally within the context of the ‘Financial War on Terrorism’ since the attacks of 9/11. Specifically, the volume’s chapters discuss the measures introduced by multilateral organizations such as the United Nations (including the U.N. sanctions against terrorists and the operations of its anti-terrorist sanctions committee), the European Union and the Council of Europe, as well as the governments of the United States, Australia, and the United Kingdom. Also discussed is a working definition of the ‘Financial War on Terrorism,’ and how the ‘Financial War on Terrorism’ has addressed the new threats presented by jihadist terrorist groups such as Boko Haram, Islamic State, and al Qaida. The author concludes that "it has proven extremely difficult for the international community and nation states to limit the sources of funding available to terrorists" because they "are able to manipulate an increasing array of sources of financing through a vast amount of legitimate and illicit financial channels." (p. 182).' - review by Joshua Sinai, Terrorism Research Initiative, http://www.terrorismanalysts.com/pt/index.php/pot/article/view/504/html