Terrorist Financing Risk and Terrorist Group Analysis

Wednesday 17th October 2018 13:30 – 17:00

Registrations Closed

“Europe faces an intense, unrelenting and multidimensional international terrorist threat. Daesh continues to pose the most acute threat, but Al Qaeda and other Islamist terrorist groups haven’t gone away. With the police we are also actively monitoring the trajectory of extreme right-wing terrorism. As we see instances of it rearing its ugly head our response is equally firm.” (taken from a speech provided by MI5 Director General Andrew Parker to BfV Symposium Berlin on May 2018)

With fewer and fewer terrorists being designated by the EU and UK authorities, yet a clear and present danger of providing finance to terrorism, whether to local agents, organised groups or even state-actors, what are regulated firms required to do, and what can be done to enhance controls.

On the 17th October 2018 we will be delivering a highly informative workshop that will hope to provide an update on the latest threat assessments, terrorist financing typologies and best practices that can be used to help to develop internal risk assessments and control measures to ensure that firms can make an even more effective contribution to meeting this significant and changing risk.

This course was developed and is run by The Great Chatwell Academy of Learning and brought to you in partnership with MLROs.com


About the Course

Terrorist activity significantly impacts upon our communities, breach human rights and are a threat to national security. Regulated firms are committed to playing an active part in the worldwide fight against terrorist financing through a framework of systems and controls that aim to deter, disrupt and detect terrorist activity.

In this course delegates will look at the nature of terrorism, some common methods of financing terrorism and how groups and individuals obtain the tools and substances required to commit atrocities.

The course will help to develop an enhanced understanding of how the aims of each terrorist group can be analysed to identify likely financing methodology, and of how the financiers of terrorism aim to disguise their activity, often working collusively with other criminals, even engaging in apparently legitimate trade.

You will learn how to perform a risk assessment, and using this knowledge, help to design and implement a framework of systems and controls to manage the significant risk of terrorist financing, including the financing of proliferation and dual-use goods.

The course will help to inform delegates that managing risks requires much more than placing reliance on sanction lists alone!

The Course will be suitable for:

  • All operational risk professionals including financial crime compliance (FCC) and money laundering practitioners, including MLRO’s and Deputy MLRO’s
  • Audit, assurance risk and compliance analysts
  • Persons regulated in non-banking sectors including high value dealers, money service bureaus and foreign exchange centres
  • Persons wishing to enter the regulated sector, or who have recently joined
  • Professionals from non-regulated sectors and public officials such as the police force or armed forces who wish to prepare for a career-change
  • Delegates who have already completed the Managing Sanctions Risk course and who wish to expand knowledge in to the area of terrorist financing
  • Middle office professionals in trade-based operations such as account opening, CDD/KYC and payment processing functions of regulated firms
  • Operational and processing professionals handling trade finance and international payments (including SWIFT transactions) and relationships;

Course Overview and Expected Learning Outcomes

The course provides an introduction to terrorism and terrorist financing, including a brief history of terrorist activity up until the 21st century, and includes the very latest details of active international groups.

You will learn more about the needs of a terrorist group, and a ‘lone wolf’, and how these profiles influence the different monitoring techniques that must be employed to deter, detect and disrupt the financing of terrorist activity.

A key learning outcome will be provided in conducting risk assessments, covering risks such as jurisdiction, sectors, transactions and customer profile, so that this can be used back in the workplace to support and inform enhancements to working procedures.

The course builds on AML and CFT knowledge of participants and emphasises the importance of meeting local and global standards (including FATF 40 Recommendations) when tackling risk exposures. Delegates will be provided with a summary of key legislation from the USA, UK, EU and other international jurisdictions.

Keywords and topic areas

  • History of terrorism up until the 21st century
  • Terrorist group analysis including ideology, methods of fund raising and location
  • Lone wolf threats and response
  • Sanctions and dual-use goods
  • Risk assessment – customers, jurisdictions, sectors and transactions
  • Common methods of terror-related fundraising including, smuggling, counterfeit goods and kidnap for ransom
  • International laws and regulations from the USA, UK, EU and other important jurisdictions
  • Systems and controls framework
  • CDD, Risk based approach and terrorist financing
  • Escalation and reporting requirements

At the end of the course delegates will be provided with a certificate attesting to their attendance and participation.