Summary |
Module 6 focuses on combating the financing of terrorism (CFT), a new area for many countries compared to the anti-money laundering (AML) effort. The workbook starts with a brief review of the CFT issues raised in the previous workbooks, addresses some general questions related to CFT, and then discusses the FATF nine special recommendations on terrorist financing in combination with the international obligation of states.
The contents of the book includes –
1. What does terrorist financing mean?
2. International norms and standards of CFT
3. Is combating terrorist financing mandatory?
4. The targets of international policies on CFT
5. Ratification and implementation of UN instruments
6. Offenses to be criminalized
7. Freezing, seizing, and confiscating terrorist assets
8. Reporting suspicious transactions related to terrorism
9. Enhancing international cooperation
10. Measures required for alternative remittance systems
11. Measures required for wire transfers
12. Dealing with cash couriers
13. Supervising nonprofit organizations and other legal entities
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