Terrorism financing came into the limelight in the United States after the 9/11 terrorist attacks. The initial focus of U.S. counter terrorism financing efforts was passing legislation criminalizing all forms of terrorism support and countering money laundering. Early targets included non-profit organizations and unregistered money service businesses, such as Hawalas. As U.S. counter terrorism financing programs became more sophisticated, terrorist and extremist groups evolved. ISIS, Boko Haram, AQIP, and other modern terrorist organizations have established complex financial networks enabling them to receive funding from a variety of state and non-state actors. ISIS has been called the best-funded terrorist organization that the U.S. has confronted.
The Consortium Against Terrorist Finance (CATF) is a group of experts with decades of experience in the U.S. Government, academia, intelligence community, and a wide variety of businesses. Contributors to CATF maintain their anonymity due to their employment status, research funding, and business connections.