The fight against terrorist financing
Clunan, Anne L.
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According to a well-informed former participant, the effort to combat terrorists' access to financial resources has been "the most successful part" of the global community's counterterrorism endeavor since the al Qaeda 11 September 2001 attacks on the United States. Genuine success, however, hinges on U.S. ability to successfully frame terrorist financing as a collective action problem, both internally, to overcome interagency rivalries, and internationally, to overcome the benefits of free-riding behavior. This requires reframing the nascent pre-September 11 international anti-money-laundering regime as a counter-terrorist-financing regime as well as recasting the collective good of an open financial system as requiring collective management of its negative security externalities.