[PDF] Response Of The United States Government Agencies And Financial Sector To Terrorist Financing And Money Laundering eBook

Author : Eveline Irene Lingenfelter
Publisher :
Page : 52 pages
File Size : 36,62 MB
Release : 2012
Category : Bank fraud
ISBN :

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Throughout the past decade, the concern of terrorism has been brought to the forefront of governments across the globe. In order to achieve the planned objectives, regardless of whether the threat is a sole, domestic "lone wolf" or a sophisticated, transnational organization such as al Qaeda, the individual or group will require funding and/or financial assistance. According to the 9/11 Commission, al Qaeda issued hundreds of thousands of dollars for the hijackers, prior to the attacks of 2001, for travel between the Middle East, Europe, and the targeted United States. The entire operation totaled approximately $400,000 to $500,000, with a majority funneling throughout US bank accounts by the hijackers (9/11 Commission, 2004). September 11th 2001 undoubtedly has changed the United States, including the financial and governmental sectors. The purpose of this study was to analyze the funding strategies of Islamic terrorist organizations and the impact on the United States government and financial sectors. Multiple financing strategies have been reviewed throughout this study, followed by analysis of the strategies and countermeasures taken by the United States government and financial industry. Recommendations have also been made to potentially assist or improve the current countermeasures in place.

Author : Jeanne K. Giraldo
Publisher : Stanford University Press
Page : 388 pages
File Size : 45,87 MB
Release : 2007
Category : Political Science
ISBN : 9780804755665

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This book takes a broadly comparative approach to analyzing how the financing of global jihadi terrorist groups has evolved in response to government policies since September 11, 2001.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 37 pages
File Size : 21,56 MB
Release : 2010-07-30
Category : Social Science
ISBN : 1455206806

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The Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) regime of the United States is overviewed. The United States has implemented a system that is broadly in line with the international AML/CFT standard. However, many of the recommendations made by the evaluators to address the identified deficiencies have not been addressed, but efforts are under way; notably to introduce a uniform legislation that would require information on beneficial ownership and control of legal persons and arrangements across all the states.

Author : Martin S. Navias
Publisher : Oxford University Press
Page : 324 pages
File Size : 49,55 MB
Release : 2019-11-01
Category : Political Science
ISBN : 1787383571

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The global financial sector is increasingly vulnerable to penetration by criminal money-launderers, financiers of terrorism, and proliferators of weapons of mass destruction. At the same time, it offers instruments that can be usefully employed to pursue foreign and security policy objectives. It is thus hardly surprising that finance has emerged as an arena of intense competition, if not conflict, between those seeking to exploit or attack this vital element of state power and those tasked with defending its integrity or harnessing it for legal purposes. Navias assesses the key threats to financial systems and shows how the public and private sectors are co-operating to contain them. He analyses the main characteristics of criminal money-laundering and terrorist financing, and reviews major multilateral and national regimes locked in the perpetual battle to shore up the financial sector against these constantly evolving security challenges. He also considers the uses of finance in support of key sanctions, counter-proliferation, and arms embargo policies. Uniquely, Finance and Security views these financial threats and weapons through a security and war studies prism. It will be equally invaluable to scholars of security and international relations and to professionals working in the legal, banking and compliance professions.

Author : Commonwealth Secretariat
Publisher : Commonwealth Secretariat
Page : 208 pages
File Size : 11,44 MB
Release : 2006
Category : Money laundering
ISBN : 9780850928426

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The publication is divided into three main parts : the first deals with global issues, the second with national issues and in particular, national strategy formulation; and the third with financial and professional sector procedures. This second edition now includes additional information on understanding how terrorism is financed. It incorporates both the international standard arising from the revised Financial Action Task Force on Money Laundering 40 Recommendations and the Special Nine Recommendations.