RUSI NewsbriefVOLUME 40ISSUE 1members only

Are Your Cigarettes Funding Terror Attacks? Examining the Intersection of Terrorist Financing and Illicit Trade

smuggled cigarettes Jin Ling

Courtesy of HMRC.


There is rising interest in how illicit trade contributes to the funding of terrorist activities. Recognising the differences between wholesale and retail illicit trade will be crucial for effectively countering this form of terrorist financing.

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WRITTEN BY

Stephen Reimer

Associate Fellow

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Tom Keatinge

Director, CFS

Centre for Finance and Security

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