Terrorism financing and fraud – the unseen (seen) nexus? A broken policy and a series of missed opportunities

Ryder, Nicholas

Abstract

This paper adds to the existing literature by highlighting how terrorism financiers have been able to accrue funding by different types of fraud. and it divided into five parts. The first part of the article identifies a comprehensive terrorism financing fraud typology. The second part provides an overview of the UKs counter-fraud and CTF policies, identifies weaknesses and criticises efforts by HM Government (HMG) to address the disjointed and disparate policies. Part three of the article advocates that the terrorism financing fraud typology is a disruptive mechanism to prevent acts of terrorism, thus drawing on the US experience. Part four of the article exposes weaknesses in the legislative exchange of information mechanisms and advocates the extension of the voluntary exchange of information model. The final part of the article recommends that HMG establishes a specialist counter-terrorism financing fraud unit, based on success of the Dedicated Card and Payment Crime Unit (DCPCU) and Insurance Fraud Department (IFD).

• Presentation Conference Type: Conference Paper (unpublished)
• Conference Name: Jean Monnet Network on EU Counter Terrorism
• Start Date: Dec 16, 2020
• Deposit Date: Dec 7, 2020
• Publicly Available Date: Dec 9, 2020
• Public URL: https://uwe-repository.worktribe.com/output/6925896