Are financial institutions’ counter-terrorist financing controls fit for today’s challenges?

Richard Wall
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Richard Wall: Money Laundering Reporting Officer, Bank Leumi, UK

Journal of Financial Compliance, 2019, vol. 3, issue 2, 181-191

Abstract: This paper aims to provide insights into the latest developments of terrorist financing and the challenges faced by financial institutions in trying to counter this. Proposing the case for a greater use of social media and more agile monitoring systems, currently not espoused by industry best practice within the UK financial sector, the author shares insights of counterterrorist financing (CTF) typologies and hypothesises how a combination of both could strengthen current terrorist financing system and controls.

Keywords: counter-terrorist financing; CTF; social media; screening (search for similar items in EconPapers)
JEL-codes: E5 G2 K2 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jfc000:y:2019:v:3:i:2:p:181-191

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