Fraud-Enabled Terrorism Financing: A Neglected Dossier

Published by Project CRAAFT

Fraud-Enabled Terrorism Financing

Terrorism can be financed through funds collected both unlawfully and lawfully. In recent years, fraud has become a key catalyst fueling many terrorism financing methods. In this research briefing Professor Nicholas Ryder has identified a terrorism financing dossier, a black book of how terrorists and their supporters use fraud to finance terrorism. This includes, among others, immigration and identify theft, tax fraud, personal load fraud, bank and insurance fraud, and non-profit sector fraud. Professor Ryder discusses how terrorism financiers have been able to accrue funding by different types of fraud and how can a better understanding of the fraud dossier increase the state's ability to counter this kind of terrorism financing.