Making the regime to counter terrorist financing global is more than simply expecting UN members to comply with the Resolutions of the Security Council. Yet that is the expectation of the Security Council, that all states are committed to take these actions because they are issued under Chapter VII of the UN Charter. The periodic reports of the Analytical Support and Sanctions Monitoring Team on compliance for the resolutions that impose targeted sanctions to prevent terrorist financing, however, reveal that is not the case. Beyond reporting data on accounts and assets frozen, states are expected to maintain travel bans, arms embargos and all other forms of targeted sanctions. For several states the cost of compliance, in the context of local conditions and with limited national resources, is simply too much. Financial and technical support is available but not as a per¬manent and ongoing subsidy to cover the continuing cost of compliance. The result is differing levels of implementation and enforcement among the member states of the UN, reflecting their level of concern for transnational terrorism and the local capacity to establish and enforce the CFT regime. As seen later in the chapter, if the FATF feels that a country's effort to act against money laundering and terrorist financing is insufficient, it will impose its measures intended to encourage the government to correct the deficiencies.

Even in countries with extensive formal financial systems and high levels of financial inclusion, the introduction of CFT measures at the beginning of the twenty-first century was not straightforward. An official from the UK's Financial Services Authority related one example of the problems created by them in a con¬ference speech in 2004: An “Oxford College [was] required to produce its 15th century charter, complete with seal to open a new account” (Robinson 2004: n.p.). The issue highlighted by this anecdote is the extent to which bank employees might require documentation to prove identity to satisfy the customer due diligence (CDD) requirement (also known as the “know your customer” obligation). The requirement is to prove one's legal identity so that the bank can avoid providing services to an individual or business that is the subject of targeted sanctions.