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Round table on Financing of Terrorism

16:00

On 11 April 2013 , the Center for the Study of Democracy held a round table dedicated to the Financing of Terrorism. The special guest at the event was Dr. Magnus Ranstorp, Research Director of the Centre for Asymmetric Threat Studies at the Swedish National Defense College.

With examples from his long-term research specifically related to the terrorism in the Middle East, Dr. Ranstrop elaborated on the challenges faced while detecting the complex networks for financing major organised terrorist groups. He insisted that those organizations cannot be discussed without taking into account their broader political, social and military activity. He illustrated the variety of financial sources of terrorist organizations, from fundraising to illegitimate and legitimate business activities, including real estate and currency trading. Dr. Ranstrop gave examples of the connections of terrorist organizations with the state intelligence and stressed out the impact of these connections on the terrorist activities. He familiarized the audience with their bureaucratic structure, internal hierarchy, and the role of ideology in setting their agenda.

Dr. Ranstrop touched upon the financial effect of the economic crisis on the fundraising of terrorist groups. He furthermore discussed the possible consequences of the EU response to the terrorist attack at the Bourgas Airport in Bulgaria.

Participants in the discussion afterwards were Mr. Boyko Noev, former Minister of Defense, Ms. Rebecca Dunham, Counselor for Political and Economic Affairs at the Embassy of the United States in Bulgaria and Mr. Martin Tsanov, analyst in the Economic program at the Center for the Study of Democracy. Experts of the Bulgarian Ministry of Interior, the Intelligence Service and the Bulgarian Prosecutor’s Office, as well as representatives of diplomatic missions were also present at the Round table.

Participants at the Round table
Dr. Magnus Ranstorp, Research Director of the Centre for Asymmetric Threat Studies at the Swedish National Defense College.
During the Round table discussion

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