Terrorist Financing: The Failure of Counter Measures

This authoritative book provides a holistic overview of terrorist groups and finances, including consideration of the necessity and differing financial needs of different groups. For over a decade international efforts by law enforcement, government and financial regulatory authorities have been deployed in combatting terrorist financing, in good faith and with dedication beyond reproach. This book surveys the methods of financing of numerous terrorist groups and organisations - including the Chinese and Asian dimension - and considers why ultimately international efforts to combat the financing of terror are failing. Nick Ridley expertly illustrates the scale of the problem by first outlining the strategies of anti terrorist financing, the pre and post 9/11 differences in scope and extent of terrorist attacks, the financial support and the national and international efforts to implement and carry out countermeasures. He then goes on to set out a detailed analysis of the apparent failure of such counter measures to date. Including operational case studies and details from the authors own experience, studies and access to law enforcement and private sector sources, this book will prove insightful for undergraduate and postgraduate students studying criminology, history and law disciplines. Those in the legal profession will also find plenty of useful information in this topical compendium.

Table of Contents:
Contents: Foreword 1. Terrorist Financing, Hitherto Neglected 2. Terrorist Groups, Stood Down but Still Financing? 3. International Efforts, International Barriers 4. Early Recognition of Two ‘Obvious’ Modus Operandi 5. Delayed Recognition and Underestimation of Modus Operandi 6. The Derided Modus Operandi 7. ‘They Haven’t Gone Away, You Know’ 8. The Strategic Mind-set 9. Conclusion Bibliography Index

About the Author :
Nick Ridley, Liverpool John Moores University, UK

Review :
’In recent years a great deal has been written about terrorism and how best to inhibit and undermine terrorists’ aspirations. Much of this literature tends to be one dimensional reflecting the experience of the author. Dr Ridley having had a long and diverse career in intelligence and in particular financial analysis has succeeded in going far beyond description of a series of war stories to providing not only a starting account of the range and character of modern terrorism, but also a knowledgeable analysis of the measures adopted around the world to combat the threat. Of critical importance, in the minds of many, has been the adoption of techniques in the main from the “war against drugs” facilitating the identification and disruption of finance. While emphasising the value of financial intelligence Dr Ridley, now as a scholar, dispassionately questions how successful this strategy has been and where it might take us. Such issues need to be aired and resolved if we are not to undermine the very values which we seek to protect.’ ’This is hugely important and highly relevant contribution by a world expert, which adds to our knowledge of terrorist funding. It will make practitioners and academics alike, not to mention politicians who should be seeking their advice, stop and think.’ ’Dr. Ridley has authored an excellent, analytical, comprehensive, and solutions-oriented book addressing the complexities of terror financing and the challenges in combating this menace. Dr. Ridley‚Äôs unique insight, arising from substantial academic and professional experiences on combating terror financing, lends substantial credibility to the volume.’