TY  - JOUR
AB  - Purpose– The purpose of this paper is to explore countering the financing of terrorism and its impact on financial institutions.Design/methodology/approach– Actual examples of terrorist financing are considered, as well as the international and Canadian framework for financial institutions.Findings– The system for countering the financing of terrorism can be improved to lower costs and risks to financial institutions and to enhance actionable intelligence. A balance must be sought between the objective, actionable intelligence and the mechanism used to advance that objective.Research limitations/implications– There is limited research on terrorism financing and little statistical data.Practical implications– Some simple and modest reforms to the framework are suggested; policy makers need to consider their goals and revaluate the existing framework.Originality/value– There is little writing in this area. This paper would be of interest to financial institutions, regulators, law enforcement and the intelligence community.
VL  - 14
IS  - 4
SN  - 1368-5201
DO  - 10.1108/13685201111173811
UR  - https://doi.org/10.1108/13685201111173811
AU  - Simser Jeffrey
PY  - 2011
Y1  - 2011/01/01
TI  - Terrorism financing and the threat to financial institutions
T2  - Journal of Money Laundering Control
PB  - Emerald Group Publishing Limited
SP  - 334
EP  - 345
Y2  - 2024/04/23
ER  -