Organized Crime, Money Laundering,and Terrorism
* Senior Lecturer, John Grieve Centre, DASS London Metropolitan University. Prior to this Nick was an intelligence analyst at New Scotland Yard, in the Anti Terrorist Unit, and at Europol in The Hague. E-mail: ridleynicholas{at}yahoo.co.uk
This article deals with organized crime, money laundering, and terrorism. It traces the differing organized crime dynamics following the events of 1989, and discusses differing interpretations and concepts of organized crime. It then deals with international anti-money laundering measures and perceptions. Linked to this are the similarities—and differences—between money laundering and terrorist financing. There is a growing nexus between organized crime and terrorism which should not be overestimated when meeting the challenge of terrorist financing. The analysis of money laundering that finances the ‘new’ terrorism of the post-9/11 era has been further hampered by remaining locked into static money laundering concepts. This results in intelligence oversights, particularly in the area of exploitation of offshore jurisdictions.