FOCUS ON TRANSNATIONAL TERRORISM: Terrorist Financing - How the New Generation of Jihadists Funds Itself
Feb 2006, Vol. 151, No. 1
By Loretta Napoleoni
This paper revises the policies implemented to combat terrorism financing since 9/11 and argues that they are obsolete because the structure of terrorism financing is no longer transnational, but deeply rooted in individual countries. Home-grown jihadist groups carry out small-scale replicas of 9/11, attacks funded primarily with clean money. Against this new background, very little movement of money and people is taking place. This new scenario greatly reduces the effectiveness of post-9/11 counter-terrorism financing policies; novel measures aimed primarily at preventing indoctrination of young Muslims may obtain better results.
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By Loretta Napoleoni
This paper revises the policies implemented to combat terrorism financing since 9/11 and argues that they are obsolete because the structure of terrorism financing is no longer transnational, but deeply rooted in individual countries. Home-grown jihadist groups carry out small-scale replicas of 9/11, attacks funded primarily with clean money. Against this new background, very little movement of money and people is taking place. This new scenario greatly reduces the effectiveness of post-9/11 counter-terrorism financing policies; novel measures aimed primarily at preventing indoctrination of young Muslims may obtain better results.
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