Publication

This report discusses the money laundering practices of Islamic terrorist groups and the implications therein. The contributors focus on the commercial implications of money laundering and pay particular attention to the role Islamic financial institutions and offshore banks play in the process. The report discusses the international legal dynamics intended to dissuade exploitation and corruption within the financial system, including measures from the US Patriot Act, the Financial Action Task Force and Islamic legal rulings, in addition to collaborative efforts and countermeasures by banks and private financial institutions.