The financial state of Al Qaeda and the Taliban

As my colleague Matt Levitt wrote, the Washington Institute recently hosted David Cohen, the Treasury assistant secretary for terrorist financing and financial crimes, as part of its lecture series with senior counterterrorism officials. Over the past year, al-Qaeda’s chief in Afghanistan has been regularly and publicly pleading for monetary support. Although the organization’s apparent dire financial straits are an encouraging development, U.S. efforts to combat terrorism financing remain limited by factors such as technology that permits money to flow instantaneously around the globe, and terrorist groups that continually adapt how they raise and move funds. What more can the United States, its allies, and the international community do to further crack down on the funding of terrorism? Is international cooperation in this area improving or on the decline?

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The financial state of Al Qaeda and the Taliban