Legal and Regulatory Approaches to Counter-Terrorist Financing: The Case of Australia
This chapter examines Australia’s Counter-Terrorism Financing/Anti-Money Laundering (CTF/AML) measures and situates them within Australia’s broader (legislative) response to terrorism. It examines how Australian federal law criminalises the financing of terrorism and considers the key legislative changes enacted between 2002 and 2014. It then focuses on proceeds of crime legislation which plays a complementary role to the CTF/AML offences. The chapter also provides an account of the key features of Australia’s oversight and reporting mechanisms which are associated with the criminal and asset recovery regimes. It argues that Australia’s framework for criminalising the financing of terrorism is overdue for comprehensive reform.