Author: Tim Parkman and Gill Peeling
ISBN No: 0 566 08725 1
Review date: 11/12/2025
No of pages: 234
Publisher: Gower
Year of publication: 11/09/2012
Brief:
A book on countering money laundering related to terrorist financing doubles as a training guide, reports Mark Rowe.
The book Countering Terrorist Finance includes a CD of training materials to support each section and help compliance officers develop awareness, and relevant behaviour among staff, tasked with spotting and preventing terrorist financing. Training materials include Powerpoint presentations, audio visual slideshows and pdf handouts; and posters. The authors are alive to the need to make training for bank staff fresh, to give impact to key messages, besides the usual courses and workshops. Also suggested are occasional email campaigns as reminders. As the authors point out, a known way for terror groups to send funds internationally is to use import-export companies, in apparently legitimate business transactions; or aid charities. Or, terrorists ‘buy’ someone’s bank account to use ATM and never have to see a bank worker. As the authors point out, terrorist financing is like money laundering, except the other way round, (usually) legally obtained money used for an illegal purpose – 9-11, Bali, Madrid, and so on. Nor is it only al-Qaeda; the book also dissects the Tamil Tigers and IRA.
