Countering the Financing of Terrorists’ Salaries

The article aims to analyze and evaluate current trends in the global efforts to suppress a unique field in the financing of terrorism–terrorist salaries. The study seeks to cast new light on the origins and implications of the terrorism economy that deals with salaries, rewards, and other benefits paid to terrorists. The purpose of the new policy to suppress terrorist salaries is to halt terrorism by disrupting the channels of funding and diminishing the economic viability of terrorist activity. The policy to suppress terrorist salaries include diverse consequences: Humanitarian, security, legal, and economic interests, which are contradictory and require a balance between them. The article argues that despite objections, the idea to suppress terrorists’ salaries is established in the global community norms, including the International Convention for the Suppression of the Financing of Terror, decisions of the Security Council, and domestic laws of Western countries. These global efforts are a turning point in the current strategies for counter-terrorism financing. This development shows a growing acceptance of the need for new and diverse tools to counter terror financing.