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Tag: Terrorist Financing

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Combating Human Trafficking with Verafin’s Data-Driven Financial Crime Management Platform

July 5, 2022 by Verafin

Generating an estimated $150 billion per year, human trafficking is one of the most profitable and heinous international crimes. Human trafficking and human smuggling was identified in the AML/CFT National Priorities as one of eight “predicate crimes that generate illicit... 

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314(b) Information Sharing Practices Should Adapt the Four COCs of a Fusion Center

May 23, 2016 by Denise Hutchings

“A Fusion Center is an effective and efficient mechanism to exchange information and intelligence, maximize resources, streamline operations, and improve the ability to fight crime and terrorism by analyzing data from a variety of sources.” (Source: U.S. DOJ Global Justice... 

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Financial Fraud Charges in ISIS-Related Arrests in the US

February 8, 2016 by Denise Hutchings

Yesterday the House Homeland Security Committee reported that law enforcement authorities have arrested 81 individuals in ISIS-related cases in the United States since 2014 – 62 in 2015 alone. The cases include individuals plotting attacks; attempting to travel to join... 

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A Court Case to Illustrate that Card Fraud Funded Terrorism

November 30, 2015 by Denise Hutchings

Financial Institutions Undeniably Have a Role to Play in the Fight Against Terrorist Financing I recently studied several court cases that involved loan fraud and/or card fraud to fund terrorism. Details in one particular indictment which was unsealed less than... 

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58 Red Flags for Terrorist Financing

May 26, 2015 by Denise Hutchings

“Simply by using standard anti-money laundering typologies financial institutions should have been able to identify fourteen instances of terrorism financing as being suspicious, though not on their face to raise suspicion of terrorism financing.” Numerous Terrorism Financing Cases Reveal Suspicious...