Counter-Terrorism Financing

International Best Practices and the Law

Series:

In Counter-Terrorism Financing: International Best Practices and the Law, Nathalie Rébé, offers a new comprehensive framework for CTF worldwide and reviews the strengths and weaknesses of current regulations and policies.
Both accessible, interesting and engaging in how it approaches chronic problems of Counter-Terrorism Financing, this book provides general understanding of this topic with a literature review and a gap-analysis based on CTF experts’ advices, as well as a very detailed analysis of current international regulatory tools.
Nathalie Rébé’s ‘all-in’one’ CTF manual is innovative in this field and provides answers for the international community to fight terrorism financing together more effectively, using a set of standards which promotes strong and diligent cooperation between countries concerning reporting, information exchange and gathering, as well as enforcement.

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Biographical Note
Nathalie Rébé, J.S.D. (2018) & LL.M. (2012) in International Tax and Financial Services, in Compliance & Risk Management, at Thomas Jefferson School of Law. D.B.A. in Financial Strategy & Risk Management (2013), Paris School of Business.
Table of contents
Acronyms and Abbreviations
Acknowledgements

Introduction

Part 1: Counter Terrorism Financing Worldwide Overview


Introduction to Part 1

1 What is the Current Situation Concerning Counter-Terrorism Financing?
 A Terrorism’s Purpose and Modus Operandi
 B The Struggle to Define Terrorism
 C Defining Terrorism Financing
 D International Specialized Agencies Fighting TF
 E Current Counter-Terrorism Financing Regulations
2 Can Terrorism Financing Detected?
 A The Links between Terrorism Financing and Anti Money Laundering
 B Traditional Terrorism Financing Methods
  i)  Cash Schemes
  ii)  Merchandising and Movable Assets Laundering
 &emspi;ii)  Wire and International Transfers
  iv)&ems; pInvestments
 &emspvv)  White Collar Crimes
  vi)  Secret Banking Systems, Private Donations and Charities
  vii) Gambling
  viii) New Payment Technologies
 C Terrorism Financing Risks Faced by Financial Institutions
  i)  CTF Red Flags
  ii) Cases from FIU Reports
3 Existing Compliance Measures to Prevent Terrorism Financing
 A Internationally used Tools to Detect and Report TF
  i) How Institutions Model Terrorism Financing Risk
   a Counter-terrorism Risk Models
   b Risk Assessment
   c Risk-Based Supervision
  ii) Identification
   a Customer Due Diligence ( CDD )
   b Know Your Customer ( KYC )
   c Enhanced Due Diligence ( EDD )
   d Politically Exposed Persons ( PEP s)
    1 Defining PEP s
    2  PEP Affiliated Risks
    3 Risk Mitigation and Management
   e Customer Identification Programs ( CIP s)
   f Comparison with Government Terrorist lists
  iii) Reporting
   a Currency Transaction Reports ( CTR s)
   b National Security Letters ( NSL s)
   c Suspicious Activity Reports ( SAR s)
 B The Egmont Group and Financial Intelligence Units

Part 2: Main Threats to the Accomplishment and Success of a New Counter Terrorism Financing Convention


Introduction to Part 2

4 Key Challenges at the International Level
 A Main Problems Encountered While Trying to Detect TF Activities
  i) Anonymity
  ii) Cross-border Activities
  iii) Third-party Involvement
   a Employee Participation in the Financing Scheme
   b Third-party Reliance
   c Third-party Funding
 B The Emergence of New Payment Technologies
 C International Cooperation between Actors and Agencies
 D Political Pressure

5 The Ineffectiveness of the Current Enforcement System Mechanism
 A Cross-Border Enforcement
 B Assets Tracing, Freezing of Assets and Assets Recovery

6 Potential Conflicts between a New CTF Tool and Human Rights
 A International Privacy Laws
 B Civil Liberties and Humanitarian Laws

Part 3: Current Regulatory Instruments


Introduction to Part 3

7 Analysis of Existing Counter Terrorism Tools with Regards to Counter Terrorism Financing
 1 International Counter Terrorism Regulations
 2 Agencies and Financial Institutions Recommendations
 3 Countries Legislative Contribution

8 Current Counter Terrorism Tools and Regulations Successes and Failures
 A A Critique of Current Counter Terrorism Financing Tools and Regulations
 B Counter Terrorism Financing Regulations’ Gap Analysis
 C Constructive Criticism and Advice by International Experts for Building a New Model

Part 4: New Counter Terrorism Financing Convention Model and Recommendations


Introduction to Part 4

9 The importance of a New CTF Framework

10 Building a New Counter-Terrorism Financing Model

11 Ways to Strengthen Worldwide Detection, Prevention and Enforcement
 A Actors’ Involvement and Cooperation at the Domestic and International Levels
 B Collaboration with the Private Sector
 C The Positive Development of Global Financial Intelligence Units
 Conclusion

Part 5: Matters for Further Consideration


Introduction to Part 5

Bibliography
Annexes
Index
Readership
Anyone interested in Counter-Terrorism Financing, from general audience to expert, would find interest in this book.
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