Introduction

The synchronized suicide attacks of September 11, 2001, highlighted the critical role financial and logistical support networks play in the operations of international terrorist organizations. This chapter outlines the composite parts of the 'Financial War on Terrorism'. It provides a critical review of the impact of the counter-terrorist financing (CTF) strategies in US, UK, Australia and also provides a review of the CTF measures that existed before the terrorist attacks in 9/11. Since the terrorist attacks of 9/11 and the 'Financial War on Terrorism' the US has taken the lead role towards tackling terrorist financing. Terrorism financing poses a threat to the credibility of Australia's financial institutions and system. The chapter shows that the efforts and ability of international organisations and nation states to tackle the financing of terrorism is limited by the incalculable collection of sources of funding used by terrorists.