RUSI JournalVOLUME 171ISSUE 5

The FATF Needs to Tackle How War is Financed

Justyna Gudzowska
2 September 2026clock6 Minute Read
Courtesy of Abi Rogers

Courtesy of Abi Rogers

Conflict financing sits at the heart of many grey- and blacklisted jurisdictions, yet the FATF has never treated it as a distinct, cross cutting risk. In this Professional Insight, the author calls for a dedicated report on how wars are funded, to guide more nuanced, risk-based responses and strengthen the organisation’s credibility with conflict affected states.

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WRITTEN BY

Justyna Gudzowska

RUSI Senior Associate Fellow, CFS

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