“Following the Money” to Uncover Terrorist Organizations -

“Following the Money” to Uncover Terrorist Organizations -: Critics have argued in recent years that financial counterterrorism is costly and ineffective. But a new Stigler Center working paper shows that it can reduce terrorist attacks and casualties.     A record number of terrorist attacks took place in the past decade all over the world, as reported by the Global Terrorism Database. Among the various factors responsible for this rise, a large consensus points toward extremist organizations improving their funding and recruitment activities. In line with this view, policymakers have empowered money laundering regulations and other laws to weaken extremist groups.   These initiatives, however, have come under …