The war against terrorist financing

Abstract

Presents a view on the war on terror from the perspective of a small country, the Bahamas, which is an offshore financial centre. Recounts the dispute between the Financial Action Task Force and the Caribbean Financial Task Force over the former’s “naming and shaming” report in June 2000 on the Bahamas’ progress towards leaving the list of uncooperative states as regards money laundering control. Argues that offshore financial centres need a fair chance to make necessary improvements in regulatory systems for combating money laundering, and that these jurisdictions should not have to reach higher standards than other countries, and that progress depends on cooperation, and therefore good will, on all sides.

Citation

Allen, W. (2003), "The war against terrorist financing", Journal of Money Laundering Control, Vol. 6 No. 4, pp. 306-310. https://doi.org/10.1108/13685200310809626