Terrorism Financing

Featured Terrorism Financing

Danske Bank has deficiencies in its anti-money laundering work

Danske Bank has not sufficiently assessed the risk of how the bank’s products and services in Sweden may be used for money laundering and terrorist financing. Danske Bank must therefore rectify these deficiencies no later than June 30, 2022. Read the full press release by the Swedish Financial Supervisory Authority… Read More

Anti-money-laundering agency obtains Star casino files as its share price dives

Anti-money laundering agency Austrac has obtained internal reports from The Star that reveal how the listed gaming giant failed to confront money laundering and terrorist financing risks in its Sydney and Queensland casinos. The move to compel The Star to hand over the confidential documents, including some prepared for the… Read More

Iraq claims capture of IS financial chief in operation abroad

Iraq says it has captured the jihadist group Islamic State’s financial chief in an operation outside its borders. Sami Jasim al-Jaburi was arrested in a “complex external operation” by the Iraqi National Intelligence Service, Prime Minister Mustafa al-Kadhimi tweeted, without specifying a location. He added that Mr Jasim, also known… Read More
12th October 2021
It has taken weeks of discussions to get an interview with him, and he’s still worried about who might be listening. He wears dark glasses for the camera, and only two of our team know what we think is his real name. Mr Kim spent 30 years working his way… Read More
11th October 2021
SA has been given 18 months to improve its capacity to track and prosecute money laundering and terrorist financing or face “greylisting” by the Financial Action Task Force (FATF), the international body that develops and monitors policy to combat financial flows of organised crime and terrorism. Greylisting by the FATF… Read More
6th October 2021
More than 1,000 police and special forces officers raided homes, offices and businesses in three German states early Wednesday morning. Officials were targeting an international money laundering network suspected to be involved in terror financing, German media reported citing police. By Richard Connonr, Deutsche Welle, 6 October 2021 Read more… Read More
1st October 2021
Italian Prime Minister Mario Draghi managed to convene a virtual summit of the world’s Group of 20 leading nations to discuss Afghanistan, but just who will take part and what will be achieved is still to be determined. The Oct. 12 forum will focus on the war-torn country that has… Read More
30th September 2021
The Authority has just published its AML/CFT Monitoring report which reviews its enforcement approach of the law over the past three years. The FMA had taken a stiffer approach to non-compliance over the period, issuing 27 private warnings, three public warnings and its first… Read More
23rd September 2021
Following the fall of the elected Afghan government and rise of the Taliban in its place, many speculated that the group had or may turn to cryptocurrencies as a way to finance its operations. As part of our compliance program, Coinbase tracks these types of transactions and often… Read More
21st September 2021
By Scott Pham, Buzzfeed News, 20 September 2021 Buzzfeed News — One year ago today, BuzzFeed News and the International Consortium of Investigative Journalists published the FinCEN Files, the largest reporting project ever undertaken, which revealed how terrorists, kleptocrats, and organized criminals laundered enormous sums of… Read More
20th September 2021
The United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the COVID-19 pandemic, including money-laundering and terrorism financing, it said in a report published on Sunday. The use of unlicensed money service providers for money laundering has increased during the coronavirus crisis last year, the… Read More
19th September 2021
By Isabella Chase, RUSI, 16 September 2021 RUSI — Since July 2019, the UK government and private sector partners have been on a mission to upgrade the UK’s response to economic crime. This mission has been guided by the Economic Crime Plan, which lists 52 actions for how… Read More
15th September 2021
A unit in Afghanistan’s central bank leading a 15-year effort to counter illicit funding flows has halted operations, four staff members said, threatening to hasten the country’s slide out of the global financial system. Since 2006, the Financial Transactions and Reports Analysis Center of Afghanistan (FinTRACA) has gathered intelligence on… Read More