Chapter 8: The strategic mind-set
Two of the causes for the failure of international efforts against terrorist financing, namely, the inherent and varied legal difficulties, and a failure to perceive the full significance of the modus operandi of terrorist financing, have been presented in the previous chapters. The analysis in this chapter will highlight the third cause, which is that of the strategic mind-set of governments and law enforcement intelligence agencies in the field of certain types of financial crime and counter measures against terrorist financing. The delay in accepting the full significance of cash couriers as a potential terrorist financing modus operandi was due to the collective response of international law enforcement and regulatory authorities, as the post-9/11 reaction to terrorist financing was founded upon anti-money laundering principles. Globally, suspicious transaction reporting systems in different jurisdictions fit into one of three models, with variations depending upon the standardization of intelligence received and/or which agency has primacy within the reporting system (discussed further below). The 2001 Financial Action Task Force (FATF) anti-terrorist financing Special Recommendations were formulated under an EU-US transatlantic methodology which, in keeping with the approach at the turn of the twenty-first century, was grounded in anti-money laundering principles.
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