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Washington Institute: Combating Terrorist Financing in Europe: Gradual Progress

Author: Michael Jacobson
March 26, 2007

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In this policy paper, Michael Jacobson, a senior fellow in The Washington Institute's Stein Program on Terrorism, Intelligence, and Policy, says that despite new British initiatives to combat terrorist financing following the July 2005 terrorist subway and bus attacks in London and the disrupted terrorist plot to blow up U.S.-bound planes flying from Heathrow airport in August 2006, the efforts of the European Union (EU) to do the same lack consistency and effect. He says bureaucratic obstacles limit European efforts to designate terrorist entities and freeze their assets.

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