The Legal Response to the Financing of Global Terrorism
Chapter 5: State Sponsors of Terrorism, Drug Trafficking, and Deep-Pocket Donors
5. State sponsors of terrorism, drug traﬃcking, and deep-pocket donors Without state sponsors, terrorist groups would have much more diﬃculty obtaining the funds, weapons, materials, and secure areas they require to plan and conduct operations.1 Oﬃce of the Coordinator for Counterterrorism, U.S. Department of State, April 28, 2006 The Taliban and other insurgent groups operating in poppy-growing regions gain . . . ﬁnancial support as a result of their ties to local opium traﬃckers. Drug money is an important source of income, especially at the local level where some Taliban commanders accrue their own operational funding.2 J. Michael McConnell, Director of National Intelligence, February 5, 2008 WHAT IS TERRORIST FINANCING? The magnitude of the threats and acts of international terrorism depends on the ﬁnancing received by terrorists. Recognizing the importance of stemming the ﬂow of funds to terrorists, international law imposes a duty on States to implement measures to prevent and suppress the ﬁnancing of terrorism.3 Among other duties, each State is required to enact domestic legislation to make terrorist ﬁnancing a criminal oﬀense and authorize the freezing of any funds used or allocated for the purpose of committing terrorist acts.4 U.S. domestic law is in accord, criminalizing terrorist ﬁnancing and authorizing the freezing of terrorists assets.5 However, terrorist ﬁnancing has multiple dimensions and the implementation of sanctions is required at every stage in the process of funding terrorist activity, including the provision, collection and transfer of terror funds. Under principles of international and U.S. domestic law, a...
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