International Information Programs

The Global War on Terrorist Finance

The Global War
on Terrorist Finance

PDF version of 'The Global War on Terrorist Finance'



An Electronic Journal of
the U.S. Department of State
September 2004

About This Issue    
Contents    
Resources    
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The Global War on Terrorist Finance

CONTENTS

About This Issue
John Snow, U.S. Secretary of the Treasury
Bankrupting Terrorists
Juan Carlos Zarate, Assistant Secretary of the Treasury for Terrorist Financing
Sharing of financial information helps unearth terrorist cells and networks while freezing assets and other economic sanctions incapacitate terrorists' ability to carry out attacks.

Internationalizing the Fight
E. Anthony Wayne, Assistant Secretary of State for Economic and Business Affairs
The United States and its international partners are working on how to deal with informal financial systems and non-governmental organizations through which terrorists collect and move their funds.

Building a Counterterrorist Finance Regime
Celina Realuyo, Director of Counterterrorism Finance Programs, U.S. Department of State
The U.S. government helps foreign allies enhance their capacity to prevent terrorists from using the international financial system to underwrite their plots.

Response to Bali: An International Success Story
Celina Realuyo and Scott Stapleton, U.S. Department of State
After the terrorist bombings in Bali, the international community came together to help Indonesia rapidly develop the capacity it needs to fight further terrorist activity.

Banks and the USA PATRIOT Act
John J. Byrne, Director, American Bankers Association's Center for Regulatory Compliance
The PATRIOT Act includes several provisions long advocated by the banking industry, but banks will need additional government intelligence to effectively detect or prevent the financial transactions of terrorists.

Hawala: Based on Trust, Subject to Abuse
Mohammad El-Qorchi, Deputy Area Chief, International Monetary Fund
Regulation should aim not to eliminate hawala, the informal channel for transferring funds from one location to another, but to prevent its misuse.

Hizballah Smokescreen
An illustration of how illegal cigarette sales in the United States financed a terrorist organization in Lebanon.

Roles and Responsibilities
A table of U.S. government entities involved in combating terrorist finance.

Bibliography

Internet Resources

The Global War on Terrorist Finance

eJournal USA

eJournal USA:
Economic Perspectives

Volume 9, Number 3 September 2004


The Bureau of International Information Programs of the U.S. Department of State publishes five electronic journals—Economic Perspectives, Global Issues, Economic Perspectives, U.S. Foreign Policy Agenda, and U.S. Society & Values—that examine major issues facing the United States and the international community as well as U.S. society, values, thought, and institutions. Each of the five is catalogued by volume (the number of years in publication) and by number (the number of issues that appear during the year).

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Editor, eJournal USA: Economic Perspectives
IIP/T/ES
U.S. Department of State
301 4th St. S.W.
Washington, D.C. 20547
United States of America

E-mail: ejecon@state.gov

Editor Jonathan Schaffer
Managing Editor Bruce Odessey
Contributing Editors Gretchen Christison
Berta Gomez
Linda Johnson
Martin Manning
Cover Design Min Yao
____________________
Publisher Judith S. Siegel
Executive Editor Guy E. Olson
Production Manager Christian Larson
Assistant Production Manager Sylvia Scott
Editorial Board George Clack
Kathleen R. Davis
Francis B. Ward