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!

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.

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