Regulation and control of the financial industry has become the weapon of choice for governments struggling to control the rise in global crime and terrorism. Tim Parkman and Gill Peeling's Countering Terrorist Finance - A Training Handbook for Financial Services is a practical, specialist guide for training staff in financial institutions in the processes and skills needed to respond to terrorist financing activities. The book explains international legal responses and obligations (with particular jurisdictional emphasis on the US, the UK, and Hong Kong); dissects the financing typologies behind terrorist attacks including September 11th, Madrid, Bali and other non al-Qaeda examples; analyzes potential causes for suspicion and offers an overview of the main issues and considerations affecting compliance professionals, in their efforts to protect against terrorist financing. The accompanying collection of eight training activities, with supporting materials and presentation slides, provides compliance officers with a resource for developing awareness and appropriate behaviour amongst employees tasked with managing terrorist finance risk. Additional training resource materials, including Powerpoint presentations, audio visual slideshows and pdf handouts are available on a CD ROM that accompanies the book. The background material, practical advice and training resources make this collection an excellent starting point for organizations striving to make a difference in this complex and difficult area.
’The book is clearly written and informative, and includes a programme of interesting and stimulating training sessions, together with a CD of visual aids and handouts to support the sessions, all of which would be helpful for the training manager. It would also be a useful addition to the library of any risk manager in financial services, including professional service firms…’ - Pauline Bird, Manager, Business Restructuring, BDO Stoy Hayward, The Institute of Risk Management 'Countering Terrorist Finance is a timely and, to the best of my knowledge, unique book… Countering Terrorist Finance is a very welcome addition to the literature on the money associated with crime and terror. In my view, the book would be an extremely useful tool for money laundering reporting officers, compliance officers and training officers in financial institutions.' -Johann Scholtz www.antifraudnetwork.com
Contents: Part One Countering Terrorist Finance: Training in countering terrorist financing; Terrorism and terrorist financing in perspective; Terrorist finances dissected; International and national legal and quasi-legal requirements; What is 'suspicious'?; Best practice. Part Two Training Activities: Money laundering vs terrorist financing; Overview of terrorist financing typologies; Terrorist financing and the law; 'Does it look suspicious?' case study exercise; Cumulative suspicions - a behavioural analysis; Terrorist typologies explained; CTF best practice - a short briefing; Five training ideas using posters. Index. CD ROM contents (containing audio visual slideshows, .pdf handouts and a short video). Activity 1 - Best Practice for Financial Institutions Activity 2 - Terrorist Finances Dissected Activity 3 - US and UK Law Quiz Activity 4 - Does it look Suspicious? Countering Terrorist Finance (CTF) Case Studies Activity 5 - Cumulative Suspicions Activity 6 - Terrorist Typologies Explained Activity 7 - CTF - Best Practice for Financial Institutions Activity 8 - Key Messages.