| ID | 022413 |
| Title Proper | Fighting terrorist finance |
| Language | ENG |
| Author | Winer, Jonathan M ; Roule, Trifin |
| Publication | 2002. |
| Description | 87-103 |
| Summary / Abstract (Note) | Within a few months of 11 September, international efforts to combat terrorist-finance schemes were making rapid progress. Smaller jurisdictions that previously relied on financial and tax piracy for revenues were finding themselves seriously threatened with exclusion from the global financial services system, and were taking at least statutory measures to change their systems. Jurisdictions such as the Channel Islands and the Bahamas radically restructured their trust and company laws to make anonymity more difficult, and Liechtenstein began to adopt EU-like customer identification rules. Securities markets were recognising their susceptibility to abuse and were initiating new controls and procedures. By the spring of 2002, however, the intensification of the Israeli–Palestinian and India–Pakistan conflicts had diverted attention from efforts to combat illicit finance schemes. As a result, Pakistan and most of the Gulf States have yet to undertake much of the hard work necessary to create functional anti money-laundering and terrorist-finance regulation and enforcement. |
| `In' analytical Note | Survival Vol. 44, No. 3; Autumn 2002: p87-103 |
| Journal Source | Survival Vol: 44 No 3 |
| Key Words | Intenational terrorism ; Economy-Terrorist ; Terrorism |