ABSTRACT
This chapter offers an analysis of the European Union's efforts in the fight against terrorist finances. The underlying logic of combating terrorist financing (CTF) is therefore straightforward, if the money can be shut down, so can the terrorist activities that it was meant to finance. Moreover, although CTF is now a key part of a wider global response, including by the European Union (EU) and its Member States (MS), to both domestic and international terrorism, shutting down terrorist finances has proven to be a formidable task. The chapter introduces two key global international CTF frameworks that have been developed by the United Nations and the Financial Action Task Force established by the Group of Seven (G7). It offers some thoughts on the future prospects of the EU CTF measures, especially in relation to the changes that are provided for in the Reform Treaty.
