Terrorist Financing, Money Laundering, and Tax Evasion

Title:                      Terrorist Financing, Money Laundering, and Tax Evasion

Author:                  Jayesh D’Souza

D’Souza, Jayesh (2012). Terrorist Financing, Money Laundering, and Tax Evasion: Examining the Performance of Financial Intelligence Units. Boca Raton: Taylor & Francis

LCCN:    2011004904

HV6768 .D76 2012

Contents

  • The organization of terrorism and the reorganization of intelligence — How financial crime is committed : the source of funds — How financial crime is committed : the transfer of funds — Performance measurement, risk management and managing performance using the balanced scorecard — An international focus on the fight against financial crime — Financial intelligence units : monitoring resource and process outcomes — How to better the end outcome in the fight against financial crime.

Subjects

Date Posted:      April 8, 2016

Reviewed by Hayden B. Peake[1]

How do terrorists pay for travel, weapons, training, and all the day-to-day costs of communication, web monitoring, computers, food, and more that allow them to function? In Terrorist Financing, Canadian author and financial management specialist Jayesh D’Souza identifies potential sources of funds and various money laundering techniques employed by terrorists and their sympathizers. D’Souza’s primary focus is on interrupting the flow of money to terrorists. The key organizations working toward that goal, he suggests, are national financial intelligence units (FIUs).

After a review of changes made to intelligence organizations in order to track money after 9/11, D’Souza uses case studies to describe the nature and types of terrorist financial dealings and how they are done. (pp. 65ff.) The case studies are really illustrations with few specifics, and the “how” is hard to see, although he does describe the kinds of things that are done.

D’Souza then turns to risk management, performance measures, various administrative impediments, and the functions of the FIUs in nations where they exist. His scope is worldwide, and he discusses the principal countries one by one, highlighting key organizations and their functions. The US merits three pages and Canada one, for example.

The two final chapters deal with what FIUs need to do in order to improve performance, the role of the private sector, and the gains possible with better cooperation. As a guide to the problem, Terrorist Financing, Money Launderinq, and Tax Evasion is a valuable source.

[1] Peake, Hayden B. in The Intelligencer: Journal of U. S. Intelligence Studies (20, 2, Fall/Winter, 2013, pp. 110-111). Hayden Peake is the Curator of the CIA’s Historical Intelligence Collection. He has served in the Directorate of Science and Technology and the Directorate of Operations. Most of these reviews appeared in recent unclassified editions of CIA’s Studies in Intelligence. These and many other reviews and articles may be found online at http://www.cia.gov.

This entry was posted in Terrorism and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s