Funding of Terrorism

Terrorists regularly adapt how and where they raise and move funds and other assets in order to circumvent safeguards that jurisdictions have put in place to detect and disrupt this activity.

Any crime which results in a profit can be used to finance terrorism. This means that a country may face terrorism finance risks even if the risk of a terrorist attack is low. By disrupting the flow of terrorist funding and by understanding the funding of previous attacks, we can help prevent attacks in the future

The presentation will review some of the characteristics and mechanisms relating to the funding of terrorism, highlighting possible indicators of terrorist financing. Case studies will also form part of the presentation to be able to provide actual scenarios as to how terrorism can be funded via any financial means we utilise on a daily basis.

The Speaker

John Scicluna is currently an AML/CFT Regulatory and Compliance Consultant working closely with WH Partners. Previously he was the Head of Compliance with the same firm, WH Partners. A career banker for 38 years, he has held posts in many areas of one of the largest banks in Malta, 17 of which were as Head of Financial Crime - Money Laundering Reporting Officer.

He formed part of the European Banking Federation Prevention of Money Laundering and Fraud Committee on behalf of the Malta Bankers’ Association. He was also assigned roles within the Internal Audit Department managing investigative and analytical assignments.

John is a visiting speaker in a number of local and international seminars and training events covering AMLCFT and financial crime related topics.