The Financial Action Task Force (FATF) has published a report on emerging terrorist financing risks. The report describes recently identified terrorist financing methods and concludes that understanding how a terrorist organisation manages its assets is critical to starving the organisation of funds and disrupting its activities in the long term. The report concludes that, while […]

The Financial Action Task Force (FATF) has published a report on emerging terrorist financing risks. The report describes recently identified terrorist financing methods and concludes that understanding how a terrorist organisation manages its assets is critical to starving the organisation of funds and disrupting its activities in the long term. The report concludes that, while […]

The Financial Action Task Force (FATF) has published a report on money laundering, terrorist financing risks and vulnerabilities associated with gold. The report provides a series of case studies and red flag indicators to raise awareness of the vulnerabilities of gold and the gold market from an anti-money laundering and terrorist financing perspective. Copies of […]

The London office of Reed Business Information sold critical data that helped sanctioned banks funding chemical and nuclear weapons in Syria and Iran make complex international transactions. A BuzzFeed News Investigation unravels the web. The Middle East salesman had been wrestling with his conscience for more than a month when the barrel bombs broke and […]

On 17 February 2015 the Central Bank of Ireland published a report of its observations in relation to AML/CFT and financial sanctions compliance. The report deals with the Irish banking sector, but the issues identified by the Central Bank will be familiar to compliance professionals working throughout the world and it is useful reading for […]

The Financial Action Task Force (FATF) has issued a report on the funding of terrorist organisation Islamic State in Iraq and the Levant (ISIL). The report suggests countermeasures that governments can take to combat key terrorist financing risks, and identifies certain risks on which the FATF will conduct further research in order to determine the […]

HM Treasury (HMT) has published an advisory notice on money laundering and terrorist financing controls in overseas jurisdictions. The notice includes two statements published by the Financial Action Task Force (FATF) on 27 June 2014 identifying jurisdictions with strategic deficiencies in their anti-money laundering and counter financing regimes. The notice advises firms to consider Algeria, DPRK, Ecuador, […]

The FCA has published a webpage with a list of countries considered high risk in relation to the FCA’s financial crime objectives, which are linked to tackling money laundering, sanctions systems and controls, terrorist financing, and bribery and corruption. The publication comes after the FCA was forced by a Freedom of Information Act request to release the […]