Illicit Money: Financing Terrorism in the Twenty-First Century

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In conversation with CFCS associate fellow Jessica Davis on her latest book, which brings new thinking to understudied dimensions of how terrorists procure and protect their funds.


In Illicit Finance, CFCS associate fellow Jessica Davis pulls together existing strands of terrorism financing research and assesses where we are in this expanding yet still nascent field. Davis considers how terrorists manage and also obscure their funds to evade detection, going beyond the old adage of terrorism financing to look at how funds are “raised, used, moved and stored”. By digging into the distinction between operational and organisational financing, as well as critically analysing the gender dynamics of terrorism financing, Illicit Money offers exciting new ways of understanding and identifying terrorism financing activity. 

Jessica Davis is an associate fellow at RUSI’s Centre for Financial Crime and Security Studies and president and principal consultant at Insight Threat Intelligence in Ottawa. She previously served as senior strategic analyst at the Canadian Security Intelligence Service. She is the president of the Canadian Association for Security and Intelligence Studies.  

Illicit Money: Financing Terrorism in the Twenty-First Century is forthcoming from Lynne Rienner Publishers in September 2021. Davis’  first book, Women in Modern Terrorism, was published by Rowman & Littlefield in 2017. 

Chair: Stephen Reimer is a research fellow at RUSI’s Centre for Financial Crime and Security Studies, where he focuses on the financing of terrorism and other security threats. 

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Speaker biography

  • Jessica Davis

    Jessica Davis is an associate fellow at RUSI’s Centre for Financial Crime and Security Studies and president and principal consultant at Insight Threat Intelligence in Ottawa. She previously served as senior strategic analyst at the Canadian Security Intelligence Service. She is the president of the Canadian Association for Security and Intelligence Studies. Illicit Money: Financing Terrorism in the Twenty-First Century is forthcoming from Lynne Rienner Publishers in September 2021. Davis’ first book, Women in Modern Terrorism, was published by Rowman & Littlefield in 2017.


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