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Specialist Certificate in Combating the Financing of Terrorism

Definition of terrorism, terrorism financing and proliferation
Brief history of terrorism – from Sicarii and Assassin through to 9/11 and today
Brief overview of current threat assessment – extract from UN/FATF speech
Importance of managing these risks – legal, criminal, regulatory and security

International Framework
- United Nations
  - Security Council
  - UN Convention on Suppression of Financing of Terrorism (1999)
Financial Action Task Force 40 Recommendations
- National Risk Assessment – US Terrorism Report example
Regional Jurisdiction Legislation and Regulations (Overview)
- USA
- EU
- UK
- HKMA
- Singapore
- UAE
- Australia
International Guidance and Best Practise
- Egmont
- Wolfsberg
Key International Sanctions regimes
- UN Security Council – 1267, 1373, 1540 and 2253
- US Office of Foreign Asset Control
- EU Common Foreign and Security Policy
- UK Her Majesty’s Treasury

Defining Terrorist Threats - Terrorist States, Entities and ‘Lone Wolf’
Terrorism ideology and motivation (with group names)
- Religious
- Nationalist
- Ideological
- Single Issue
Introduction of some key international groups and terrorist activity
- Middle East – ISIL, Al Qaeda, Hezbollah and Hamas
- Africa - Boko Haram and Al Shabaab
- Asia and Pacific Basin (including Australia) – Al Qaeda affiliates and India/Pakistan
- Americas – FARC, Shining Path and White Supremacists
- Europe – Real IRA, Charlie Hebdo, Paris and Belgium
‘What terrorists need’ – typology reports and case studies including how much
Financing - sources of finance
Proliferation and International trade - Weapons of Mass Destruction and Dual Use Goods
- Case study - Aum Shinrikyo (Japan)
Misuse of international regulatory sector – case studies including Lebanese Canadian Bank

Risk based approach to managing CFT and Proliferation
- Customer – high risk profiles including charities, arms and weapons
- Product – cash, cross border payments, trade finance
- Jurisdiction
- Cyber terrorism – managing risk of computer based threats
Customer Due Diligence
Transaction Monitoring
- Money laundering and terrorist financing
- Five stages of terrorist financing explained
- Designated sanctioned individuals – investigating matches and fuzzy logic
- Monitoring WMD and Dual Use Goods through trade finance
Staff training and red flags
Reporting Knowledge or suspicion
Dealing with the authorities