Episode 1: Risk of Terrorist Financing in Europe
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Price
Free
Location
Online
Type
Seminar
Time
14:00
Duration
1,5 hours
Registration deadline
Your speakers
The terrorism threats in Europe continue to evolve, from large terrorist organizations, to radicalized lone actors, returning terrorist fighters, and right-wing extremists. The first listing of the right-wing extremist network “The Base” on the EU Terrorist List as well as the designation of the Russian Imperial Movement and the Nordic Resistance Movement by the US State Department indicates that domestic terrorism is increasingly perceived as a key threat.
Under these circumstances, financial institutions face increased pressure to detect and monitor suspicious financial transactions. Terrorists and extremists gain access to the financial system to move money, pay for supplies, recruit fighters, and provide resources for nationally designated organizations, making financial institutions struggle in their effort to disrupt and destroy the financial networks that sustain these actors and finance their operations.
A panel of experts will provide insight on a multitude of strategic terrorist financing risks:
- The use of privacy enhancing tools (privacy coins, mixers, tumblers and defi-wallets) require enhanced blockchain analysis capabilities to follow virtual assets transfers.
- The development of new technologies as well as increasing financial activities via online tools require new cross-industry cooperations (e.g., financial industry and virtual asset service providers, crowdfunding social media platforms as well as messenger and hosting services).
- Terrorists and extremists can be involved in both various forms of organized crime (e.g., smuggling, money laundering, human trafficking, drug trafficking, illicit trafficking of antiquities) and in legal business activities and transactions (e.g., charitable sector, legal investments).
- Uneven terrorism designations for regional terrorist groups (e.g., Hamas, Hezbollah, Houthis) increase risk that terrorism-related funds access the formal financial system and also increase correspondence banking relationship risk.
- Terrorism linked companies operate in key jurisdictions (e.g., Turkey, Lebanon, West Africa, East Africa, the Gulf region).
The opening webinar will address these strategic risk areas giving concrete examples. Moreover, it will preview the following episodes of the webinar series which will subsequently focus on individual groups and networks as well as specific challenges.
Emanuel Gedeon
bringt langjährige Erfahrung in Compliance, regulatorischer Beratung und der Optimierung von Steuerungsprozessen für Finanzinstitute mit. Als Executive Partner bei msg for banking leitet er den Bereich Governance & Regulatory Advisory. Zuvor war er in leitenden Positionen bei internationalen Beratungsunternehmen tätig.
Hans-Jakob Schindler
arbeitet zu Terrorismus und Extremismus Themen mit den Schwerpunkten Missbrauch von Onlinesystemen durch Extremisten/Terroristen, der Abwehr von Extremismus- und Terrorismusfinanzierung sowie internationale Sanktionen. Nach einer internationalen Karriere im akademischen Bereich, im öffentlichen Dienst der Bundesregierung, im Privatsektor und als Koordinator des ISIL, al-Qaida und Taliban Monitoring Teams sowie Berater für globale Terrorismussanktionen des Sicherheitsrates der Vereinten Nationen arbeitet er zurzeit als Senior Director beim Counter Extremism Project (CEP) in Berlin und New York.
Matthew Levitt
ist der Fromer-Wexler Senior Fellow am Washington Institut und Leiter des Jeanette-und-Eli-Reinhard-Programms für Terrorismusbekämpfung und Geheimdienste. Dr. Levitt hat zahlreiche Artikel über Terrorismus, die Bekämpfung von gewalttätigem Extremismus, illegale Finanzen und Sanktionen, den Nahen Osten und arabisch-israelische Friedensverhandlungen verfasst, die in Fachzeitschriften, Politikmagazinen und in der Presse erschienen sind, darunter das Wall Street Journal, die Washington Post, Foreign Affairs, Foreign Policy und zahlreiche andere Publikationen. Er ist auch ein häufiger Gast in den nationalen und internationalen Medien und Autor mehrerer Bücher und Monographien.
This event will take place online via Zoom. Access data will be sent to you prior to the event.
Who Should Attend? AML Professionals, Compliance Officers, KYC and Transaction Monitoring Specialists, AML Program Managers.
Industry: Banking, Money Services Businesses (MSBs), Payments Companies, Fintechs.
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Isabel Menrath
Events & Trainings