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Combating the financing of terrorism: a history and assessment of the control of 'threat finance'

Levi, Michael ORCID: 2010. Combating the financing of terrorism: a history and assessment of the control of 'threat finance'. British Journal of Criminology 50 (4) , pp. 650-669. 10.1093/bjc/azq025

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The history of international efforts to control the flow of funds to designated ‘terrorist groups’ via the formal financial system is examined. The work shows that—despite the high motivation of some governments and international banks to reduce terrorist attacks, which harm their citizens, customers, staff and profits—it remains difficult to determine how this private–public policing interface can rationally target ‘risky capital’. Financial intelligence efforts have had little externally discernible impact on reducing levels of terrorism or on criminal convictions. It reviews evaluation problems in knowing whether the apparent lack of effects is due to measurement failure (estimating how much terrorist harm might have occurred had the controls not been imposed), theory failure or implementation failure. It argues for a more modest assessment of the likely impact of measures against financing terrorism and nuclear proliferation.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Social Sciences (Includes Criminology and Education)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HG Finance
Uncontrolled Keywords: terrorism financing; money laundering; financial intelligence; risk policing; Jihad
Publisher: Oxford University Press
ISSN: 0007-0955
Last Modified: 20 Oct 2022 08:39

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