ABSTRACT
United States has played a central role in the development of the Financial War on Terrorism following the terrorist attacks in September 2001. The policy and legislative response towards the financing of terrorism in United Kingdom can be contrasted with that in the US and Australia. The Australian government responded to the terrorist attacks in September 2001 by introducing the Suppression of Terrorist Financing Act 2002. This legislation implemented several UN Security Council Resolutions, criminalised the financing of terrorism, and extended the ability of law enforcement agencies to forfeit the assets of terrorists. A great deal of the counter-terrorist financing (CTF) measures introduced since the terrorist attacks in September 2001 targeted Al-Qaeda, the Taliban and its known operatives. It can be argued that Financial War on Terrorism has made little headway in respect of limiting the funding avenues of these terrorist organisations since the terrorist attacks in September 2001.
