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Does the Current Strategy to Counter Terrorist Financing Work?
Since 9/11, targeting the finances of terrorist actors has been a central element of the global counterterrorism landscape. Indeed, the first public shot fired by George W Bush in his ‘War on Terror’ was a financial measure in the form of Executive Order 13224, announcing a strike on ‘the financial foundation of the global terror network’ intended to ‘starve the terrorists of funding’.
Yet nearly 20 years on – and despite a series of other political leaders calling for terrorist financing to be ‘cut off’ – that clearly defined objective remains elusive. The ‘global terror network’ and its ‘financial foundation’ has turned out to be a patchwork of multiple networks of various actors, including emerging or resurging threats, and diverse funding methods.
The counterterrorist financing regime, as conceived after 9/11, was structured with the specific risk posed by Al Qa’ida in mind – the risk landscape has evolved, but has the global response to terrorist financing adapted likewise?
This event will discuss a new RUSI Occasional Paper, ‘A Sharper Image: Advancing a Risk-Based Response to Terrorist Financing’, considering how – after two decades – responses to terrorist financing have (or have not) evolved to remain aligned with the diversification of terrorism risk, the increasing role played by the private sector, and whether the global response to terrorist financing as envisioned following 9/11 is still relevant.
Panellists for this discussion will include:
Professor Jimmy Gurulé, Professor of Law at Notre Dame Law School and (inter alia) former Under Secretary of the Treasury for Terrorism and Financial Intelligence;
Tom Keatinge, Director of RUSI’s Centre for Financial Crime & Security Studies and co-author of this new paper;
Rachel Love, Associate, Financial Crime & Compliance, Standard Chartered Bank
Others Speakers TBC
Tea and coffee will be served from 1600 and the event will start at 1630 with a short presentation of the new paper followed by panel comments and audience Q&A.
Prepared remarks will be on the record; subsequent discussion and Q&A will be off-the-record.
This event is by invitation only. If you are interested in this event please email ZivileK@rusi.org