Going to the Source: Why Al Qaeda's Financial Network Is Likely to Withstand the Current War on Terrorist Financing

  title={Going to the Source: Why Al Qaeda's Financial Network Is Likely to Withstand the Current War on Terrorist Financing},
  author={Mark Basile},
  journal={Studies in Conflict \& Terrorism},
  pages={169 - 185}
  • Mark Basile
  • Published 1 May 2004
  • Political Science
  • Studies in Conflict & Terrorism
On 24 September 2001, President Bush announced the first stage of the War on Terrorism with an attack against the terrorist financial infrastructure. Since then, the impact of this attack on Al Qaeda's ability to operate has been minimal, for three reasons. First, Al Qaeda has built a strong network of financiers and operatives who are both frugally minded and business savvy. As a result, terrorist finances are often hidden in legitimate and illegitimate businesses and disguised as commodities… 
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Bankrolling bin Laden,
  • The Financial Times,
  • 2001
General Accounting Office, Terrorist Financing
  • Fact Sheet on Terrorist Financing Executive Order
The War on Terrorist Financing,
  • Lecture at the Fletcher School of Law and Diplomacy, Tufts University,
  • 2003
Inside Al Qaeda, 57. 6. Ibid
    Trade in Honey is Said to Provide Money and Cover for Bin Laden,
    • The New York Times,
    • 2001
    Committee on Financial Services, Subcommittee on Oversight and Investigations, Progress since 9/11: The Effectiveness of U.S. Anti-Terrorist Financing Efforts, 108th Cong
    • 1st sess.,
    • 2003