Financial Controls of Terrorism and Informal Value Transfer Methods

Abstract

This chapter is concerned with the financial controls of international terrorism and informal value transfer systems (IVTS). IVTS refers to any network or mechanism that can be used to transfer funds or value from place to place either without leaving a formal paper-trail of the entire transaction or without going through regulated financial institutions at all (Passas, 2002). These may be full-time, part-time or ad hoc operations.