formal presentation of terrorist financing2

Terrorist Financing

Abdulrahman Saeed Al ZaabiH00254759

CLV

Introduction

TERRORISM DEFINED“The unlawful use of force against persons or property to intimidate or coerce a government,

civilian population, or any segment thereof, in the furtherance of political or social objectives.”

What is Terrorist Financing?

UN Convention for the Suppression of the Financing of Terrorism (UNCSTF)

Terrorism financing (TF) occurs when a person by any means, directly or indirectly, unlawfully and willfully provides or collects funds with the intention that such the funds will be used or in the knowledge that the funds will be used in full or in part, in order to carry out a terrorist act.

FATF Special Recommendation 5-8 (on criminalization of terrorism financing) gave a similar definition.

Terrorist act – any act intended to cause death or serious bodily injury to a civilian or any other person not taking an active part in the hostilities. Usually, the purpose is to intimidate a population or to compel a government to do or abstain from doing any act

Stages

• Recruit• Finance• Weapon• Date & Time of Attack• Location• Surveillance• Means of Attack• Escape (?)

What are the likely sources of funding?

• From legitimate sources:– Donations– Front organizations– Charities

• From illegitimate sources:– Armed robbery operations– Drug trafficking– Kidnapping for ransom– Extortion and protection money– Blackmail

Methodology

• Assassination

• Kidnapping

• Hostage Barricade

• Hijacking

• Expropriation

• Bombs and Explosives

• Mass Killings

Difference Between ML and TF

UAE Efforts

• National Anti-Money Laundering Committee

• National Compating Terrorism Committee

• Anti-Money Laundering & Suspicious Cases Unit

• Domestic & International Cooperation

• MOUs

Examples

“Hostility toward America is a religious duty, and we hope to be awarded for it by God…I am confident that Muslims will be able to end the legend of the so-called superpower that is America.”

Osama bin Laden

Examples

Domestic Groups

Aryan Nation members Larry Wayne Harris, left, and William Job Leavitt are led from court in Las Vegas, where they were charged with conspiring to possess anthrax for use as a weapon. (Marsh Starks/Reuters)

Timothy McVeigh (above) conspired with Terry Nichols, a member of the far-right Michigan Militia, to build the bomb that destroyed the Alfred P. Murrah Federal Building in Oklahoma City killing 168 people. (AP)

Religious Terrorists

Shoko Asahara led the 10,000 member strong Aum Shinrikyo cult that killed 12 and left thousands ill after a nerve gas attack on the Tokyo subway. (AP Photo)

Ramzi Yousef was convicted of masterminding the 1993 World Trade Center bombing that left six dead and 1,000 wounded. (AP Photo)

Examples

Conclusion