The analysis of the Bali, Jakarta, Madrid, Turkey and London attacks shows that there are, at least, three alternative mechanisms for terrorist financing: use of non-profit organizations, alternative fund remittance systems, and crossborder transportation of currency. This means that, in most cases, action by financial institutions does not result directly from their detection of suspicious transactions.
•  Received wisdom today is that capital controls are not only appropriate, but even desirable, in certain circumstances. •  Even so, there are many unsettled debates. Effectiveness of capital controls •  The first big debate is about the effectiveness of capital controls.