ABSTRACT
The attention given to the financing of terrorism has intensified since the attacks on 11 September 2001 for two reasons. First, international terrorism outruns local neighbourhoods and so garners its resources through dispersed channels beyond individual nations. The second reason is that the impact of jihadi terrorism has energized international condemnation and the universal demand for reaction. The potential link between charities and terrorism finance was indicated as an innate risk by the Financial Action Task Force (FATF) in October 2001, when it issued its Special Recommendation VIII on Terrorism Financing. A distinction may be drawn between those charities that have become designated under the international sanctions regime pursuant to United Nations Security Council Resolutions 1267 and 1373 and other targeted charities. The UN sanctions mechanisms amount to a novel form of international financial outlawry against specified persons and organisations that is not dependent on criminal conviction.
