Tweet PEPs from China According to this article in the Vancouver Sun, two Canadian banks opened and maintained a bank account for politically exposed persons from China who are now alleged to have laundered $900,000 in proceeds of crime from China to Canada and the US. The two politically exposed persons are Shilan Zhao (趙世è˜) and […]
Tweet €736 Million Investment in Counter-Terrorism Infrastructure Le gouvernement français a décrété une “mobilisation générale” contre le terrorisme, annonçant la création de 2,680 emplois et le déblocage de €736 millions sur trois ans. Le Premier ministre a présenté des mesures visant à mieux lutter contre les filières suspectes, notamment via internet et dans les prisons, […]
Tweet In case you missed it, our article in American Banker‘s Bank Think entitled “We Shouldn’t Be Relying on Hackers to Stop Terrorism Financing” can be read here. The article discusses the recent phenomena of hackers in #OpISIS taking down the websites of the Islamic State and their stated promise to go after banks engaged […]
Tweet Jihad Express Gaziantep, Turkey appears to have emerged as a city of choice for terrorist financing and human trafficking for the Islamic State (“ISIS“) in the past twelve months. Gaziantep is a city close to the Syrian border and is considered one of the key “porous” border towns, where people and goods illegally sold […]
Tweet Bitcoin hits the news related to ISIS There were two Bitcoin stories today in the US media with an ISIS connection, raising alarm bells regarding the potential use of digital currencies for terrorist financing. The first story was that a teenager in Virginia had been arrested by the FBI for allegedly facilitating a person […]
Tweet In a report released yesterday on serious organized crime called “Exploring Tomorrow’s Organized Crime” (the “Report“), Europol found that organized crime is now becoming a virtual activity over the Internet and as a result, transnational criminal organizations (“TCO“) are migrating towards virtual payment methods to conduct commercial affairs, including digital payments. According to Europol, […]
Tweet With the Association of Certified Anti-Money Laundering Specialists, we’re organizing a special presentation on “Terrorist Financing Concerns & Risks in Ontario for the Financial Services Sector” on February 24, 2015, in Toronto. The presentation will be given by the OPP’s Deputy Commissioner, Scott Tod, and Deputy Director of FINTRAC, Barry MacKillop, and is sponsored […]
Tweet ISIS Â sending defectors back home According to the popular website “Raqqa is Being Slaughtered Silently” written by people who oppose the Islamic State (“ISIS“) living in ar Raqqa, Syria, a town occupied by ISIS, ISIS is starting a campaign to send defectors back home to places like Canada, the UK, France and the US […]
Tweet Terrorist Financing for ISIS using online Payment Processors and MSBs from US Routed to Turkey and Saudi Arabia The USDOJ indicted six people this week for terrorist financing who are alleged to have used money services businesses to finance the Islamic State (“ISIS“) and to supply war-related goods to members of ISIS. According to […]
Tweet 1. New Anti-Terrorism Act, 2015 The Government of Canada introduced its anticipated anti-terrorism legislation in Parliament. Bill C-51, entitled “An Act to Enact the Security of Canada Information Sharing Act and the Secure Air Travel Act†(the “Anti-Terrorism Act, 2015“) which is intended to arm the government with broader powers to address the increasing threat of […]