Terrorists Financing And Anti-Terrorists-Finance Law Research

Terrorism is the production of the modern society, which causes huge threaten to the survival and development of the human being. Terrorists financing is the lifeline to the terrorism. Chinese Chairman of the state Hu Jintao once said on the Summit of Shanghai Corporation Organization that terrorists financing is the key element which support the survival, development, and practicing attack of the terrorism. Up to now, most of the large scale terrorism attacks we known can not be afforded by any single person or a individual state. Terrorism activities, such as purchasing weapons, training terrorists, maintaining the whole organization, need massive money to support. Most terrorism would not be able to run without a sound financial background. It is very important for China to improve its Anti Terrorists Financing legislation, which can help the government to cut the cash flow of the terrorism and then limiting the survival, development of the terrorism.After 9/11, leading by U.S. and following by the rest of western society, an anti terrorists financing campaign has been established. In response to the economic globalization, The Campaign aims to combat the terrorists finance on an international level, which can better serve the goal of cut of the lifeline of the terrorism. But after 6 years of the establishment, the Campaign does not receive a glory victory which it had expected. With the people's rationalization to terrorists attack, some researchers start to review the feasibility of the some measures used in the anti terrorists financing war. By comparing the difference between money laundering and terrorists financing, this article tries to develop the idea on the basis of previous researches, find out the reason which limits the effect of current Anti Terrorists Financing War, and give advices of improvement.Besides, due to the fact that the terrorists financing is a crime which is newly accepted by the Chinese legislation system, the investigation of this crime of our country still stays at a relatively initial level and Chinese enforcement authority does not receive many assistants from financial institution as their foreign counterparts do. More importantly, Chinese government does not seem to put heavy effort on combating terrorists financing. Out of 28 Chinese prosecutions on terrorism during 2002 to 2006, none of these is related to terrorists finance. This article also tries to give some opinions on understanding the essentialness to improve the Anti Terrorists Finance Law, and give some practical advice.This article can be divided into four parts. The first part of the article gives a general introduction of the terrorists finance; the second part first introduces international organization on anti terrorists financing which has direct relationship with China, and then analyzes the major strategies used to combat terrorists finance worldwide. The third part starts with the fact that anti terrorists finance war is not effective, and then questions the strategies used by the Campaign. After comparing the difference of the money laundering and terrorists finance, the article comes to a conclusion that it is fully feasible to use anti money laundering law to combat terrorists finance, especially on the finance tracing issues. The forth part introduces the Chinese current legislation on anti terrorists finance and analyzes the essentialness of improving the Chinese anti terrorists finance legislation. After pointing out the major defect of current legislation, the article gives some particle advices.