Private Actors in the Fight Against Terrorist Financing: Efficiency Versus Effectiveness

In several areas of the post-9/11 efforts to fight terrorism, private rather than public entities have shouldered the bulk of the burden. This has been especially the case in the fight against terrorist financing where private financial institution are legally obliged to monitor the billions of daily financial transactions and report the suspicious ones to public authorities for further investigation. Since private financial institutions are geared toward making profits and where the money has come from has traditionally not been of great interest to them, it is important to investigate how they have coped with these demanding requirements.