231. Terrorism's Financial Lifeline: Can It be Severed?
- Author:
- Kimberley L. Thachuk
- Publication Date:
- 05-2002
- Content Type:
- Working Paper
- Abstract:
- To operate effectively, transnational terrorists and criminals need ready access to money and the ability to maneuver it quickly and secretly across borders. On a large scale, such money maneuvers can ripple across entire regions, embroiling global markets and threatening vital American economic interests as well as destabilizing other countries politically. The ability to move vast quantities of wealth rapidly and anonymously across the globe—sometimes combining modern-day wire transfers, faxes, and Internet connections with centuriesold practices, such as the hawala, of personal connections and a handshake—gives terrorist and criminal networks a strategic advantage over many states. Yet it also might be their vulnerability.
- Topic:
- Security, Defense Policy, Economics, and Terrorism
- Political Geography:
- America