The financial war on terrorism: A critical review of the United Kingdom’s counter-terrorist financing strategies

Ryder, Nicholas

Abstract

This chapter concentrates on the counter-terrorist financing measures and policies adopted in the United Kingdom. The UK, unlike many other jurisdictions, has a long and established history of tackling terrorism and has implemented a wide range of legislative and policy measures. These legislative measures, which were originally enacted over a century ago, have been amended in response to the growing threat posed by international terrorism. The UK terrorist legislation was extended to include CTF provisions prior to the terrorist attacks in September 2001 and the introduction of the International Convention on the Suppression of Terrorist Financing. The first part of the chapter seeks to define the ‘Financial War on Terrorism’ and it then moves on to briefly comment on the UKs CTF legislation that existed before 9/11. The next part of the chapter considers the impact of the ‘Financial War on Terrorism’ on the UKs CTF legislation after 9/11 and it concentrates on the criminalisation of terrorist financing, the ability to freeze the assets of terrorists, the confiscation or forfeiture of terrorist assets, the implementation of the United Nations sanctions regime and the use of financial intelligence provided to the National Crime Agency. Therefore, the central theme of the chapter is to identity the impact of the ‘Financial War on Terrorism’ in the UK.

• Publication Date: May 17, 2018
• Deposit Date: Feb 16, 2016
• Publicly Available Date: May 22, 2018
• Peer Reviewed: Not Peer Reviewed
• Pages: 781-806
• Book Title: The Palgrave Handbook of Criminal and Terrorism Financing Law
• ISBN: 9783319644974
• Keywords: financial war on terrorism, United Kingdom and terrorist financing
• Public URL: https://uwe-repository.worktribe.com/output/868059
• Publisher URL: https://www.palgrave.com/gb/book/9783319644974
• Additional Information: Additional Information : This is the accepted version of the chapter published in The Palgrave Handbook of Criminal and Terrorism Financing Law. The published version can be found at https://www.palgrave.com/gb/book/9783319644974
• Contract Date: Feb 16, 2016