NCJ Number
230826
Date Published
May 2010
Length
6 pages
Annotation
This report examines how terrorism is financed and the risks to Australia that are associated with this financing.
Abstract
This report found that while Australia does not have an internal terrorist risk resulting from separatist groups, threats continue to exist from extremist Muslim organizations, both overseas and within the country, engaged primarily in funding overseas activities. The report also notes that actual evidence of how terrorism is financed in Australia is limited and actual incidences remain low, there remains an on-going need to continue counter-terrorism efforts in the country. These efforts include the gathering of financial information in Australia which has a complex regulatory framework designed to track financial transactions that could indicate money laundering or terrorism financing. This report presents information on the environments in which the financing of terrorism has taken place; these include: illicit drug trafficking, kidnapping and extortion, smuggling, fraud and financial crime, and other organized crimes. Information is also presented on the financing of terrorism using legally obtained funds and the regulatory responses that are available to fight the problem of terrorism financing. Table and references