Counter-Terrorism Financing
International Best Practices and the Law
Series: - Nijhoff Law Specials, Volume: 98
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.
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.
Prices from (excl. shipping):
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.
Acronyms and Abbreviations
Acknowledgements
Introduction
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
iii) Wire and International Transfers
iv) Investments
v) 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 (
PEPs
)
1 Defining
PEPs
2
PEP
Affiliated Risks
3 Risk Mitigation and Management
e Customer Identification Programs (
CIPs
)
f Comparison with Government Terrorist lists
iii) Reporting
a Currency Transaction Reports (
CTRs
)
b National Security Letters (
NSLs
)
c Suspicious Activity Reports (
SARs
)
B The Egmont Group and Financial Intelligence Units
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
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
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
Introduction to Part 5
Bibliography
Annexes
Index
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
iii) Wire and International Transfers
iv) Investments
v) 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)
ii) Cases from
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 (
b Know Your Customer (
c Enhanced Due Diligence (
d Politically Exposed Persons (
1 Defining
2
3 Risk Mitigation and Management
e Customer Identification Programs (
f Comparison with Government Terrorist lists
iii) Reporting
a Currency Transaction Reports (
b National Security Letters (
c Suspicious Activity Reports (
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
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
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
Anyone interested in Counter-Terrorism Financing, from general audience to expert, would find interest in this book.