The UK is currently going through a process of re-evaluating and rethinking some of its key approaches to managing terrorism offenders. Looking at Singapore’s model would be a good start for policymakers.
Despite fifteen years of rhetoric, countless conferences, taskforces and UN Security Council Resolutions, fundamental flaws remain in the global counter terror financing (CTF) architecture. If global leaders and policy-makers truly want to address terrorist finance, words need to translate into better partnerships and greater information-sharing.
Scapegoating tech companies for online radicalisation is not only misguided – it detracts attention away from the crucial responsibility that society must bear in fighting the spread of violent extremism where it matters most: in the real world.
For all intents and purposes, Daesh has been defeated in Iraq and Syria, but key leaders and administrators of the short-lived Islamic State will not simply vanish from the global jihadist environment. They have their eyes set on Afghanistan, and intend to give the Taliban a run for their money.
While it is true that Italy has not, as of yet, experienced a large-scale terror attack like those seen in other parts of Europe, this is likely not the consequence of collusion between Italian mafias and jihadist cells as some have claimed.
In view of the terrorist threat and diversity of funding efforts, counter-terrorist financing efforts should aim to address the modus operandi of any given target, placing greater emphasis on the intelligence value that finance provides.