Skip to main content
All Academy Courses

CERTIFIED ONLINE TRAINING

Terrorism Financing – Awareness

Learn more about current and emerging terrorist financing methodology, how to identify the risks, and disrupt terrorism.

Course Overview

Managing the risks of financing designated terrorist groups such as Hamas, Hezbollah, Boko Haram, and the Wagner Group.

The course includes an introduction to the aims and objectives of some terrorist groups, and how they abuse financial and non-financial services, and individual and corporate roles and responsibilities in identifying, assessing, and reporting the risks according to UK laws and regulations. 

Course Structure

  • What is a terrorist, terrorist organisation and terrorist financing? 
  • Introduction to internationally designated groups including Hamas, Hezbollah, Boko Haram and the Wagner Group. 
  • What are the laws and regulations that apply in the UK?  
  • Terrorist financing models and methodology. 
  • How to identify unusual activity (financial and non-financial). 
  • Reporting the risks under the Terrorism Act 2000, the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, and other associated laws and regulations. 

Course Summary

Course Level
Awareness
Availability
From Q1, 2024
Online Presentation
Recorded Instructor-Led Training
Duration
30 Minutes

Enquire Now

Who Is This For?

  • All regulated sector employees.
  • Second and third-line auditors and risk professionals who perform policy and assurance responsibilities.

Learning Outcomes

By the end of this programme, you will be able to:

  • Define the finance of terrorism and when and why designations are made under terrorist laws.  ​

  • Describe the hierarchy of international efforts to deter, detect and disrupt the finance of terrorism, including the UN Convention on the Suppression of Terrorism, UK Terrorism Act 2000 and the UK MLR’s.  

  • Explain why it is important to assess the risks of Terrorist Financing as part of a firm wide risk assessment and during customer due diligence checks. 

  • List some of the common methods used by terrorists to raise funds, move value between jurisdictions and finance and acquire the arms and weapons that they need. 

  • Discuss some of the individuals and groups that have been designated by the UN, UK, and USA and learn more about their aims, objectives, and sources of funding. 

  • Identify unusual indicators (“red flags”) and report your knowledge or suspicion to help identify and report suspected terrorist financing. 

Topics Covered

What will I learn?

  • Definitions (terrorism, challenges with definition, PTO)
  • UN International Convention for the Suppression of the Financing of Terrorism (1999)
  • Terrorism Act 2000
  • Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
  • Risk assessment
  • Terrorist group due diligence
  • History of terrorism and funding
  • Terrorism group financing typologies – Hamas, Wagner Group, Hezbollah and Boko Haram
  • Case studies of terrorist funding
  • Risk assessment
  • Unusual indicators and ‘Red Flags’
  • Management and reporting obligations

Delivery Formats

Delivered though our online learning management system (LMS) accompanied by recorded instructor-led training.