The Legal Response to the Financing of Global Terrorism
Chapter 2: Terrorists Need Money to Terrorize
2. Terrorists need money to terrorize Terrorists seldom kill for money, but they always need money to kill. Terry Davis, Secretary General of the Council of Europe, Plenary of MONEYVAL and Financial Action Task Force, February 21, 2007 It is a duty for the Umma with all its categories, men, women and youths, to give . . . their money, experiences and all types of material support. . . . Jihad today is an imperative for every Muslim. The Umma will commit sin if it did not provide adequate material support for jihad. Osama bin Laden, April 23, 2006 Money is the ‘lifeblood’ of al Qaeda (Arabic for ‘the base’) and other likeminded terrorist groups.1 Al Qaeda and its global network of aﬃliated terrorist organizations cannot successfully implement their deadly agenda without ﬁnancial resources. Shutting oﬀ the ﬂow of funds to the global jihadists can disrupt their short-term operations while undermining their long-term capabilities.2 ‘Disrupting and dismantling terrorist ﬁnancing networks is essential to combat terrorism. Terrorist organisations’ diverse requirement for ﬁnancing creates a strong logic for seeking to disrupt terrorism by choking oﬀ funding ﬂows to all terrorist-linked activities.’3 Money is critical to ﬁnancing al Qaeda’s terrorist operations (operational costs) as well as sustaining its organizational infrastructure (organizational costs).4 Al Qaeda cannot pursue sophisticated operations like the 9/11 terror attacks without adequate funding. However, the Islamist militants also need money to ﬁnance their organizational activities, including paying operatives, recruiting and training new members, bribing government oﬃcials, forging ties with other jihadist organizations, paying...
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