Tag: Money Services Businesses
Islamic State – Threat Assessment
The following is a short summary of the finances of the Islamic State (IS), as taken from a detailed Intelligence Briefing available to FCN Premium Professionals. The 30 Page Intelligence Briefing, details how IS is thought to have raised, moved and stores its reserves to support its terrorist activities and its future plans, a full Threat Assessment, what Financial Crime Fighters can do to help and potential Red Flags and or Key Risk Indicators. See Here For the full Intelligence Briefing.
The threat from the Islamic State (“IS”) remains high, and will continue into the near future, despite the losses on the battlefield both in terms of men and territory. In particular Western Europe, North America, South East Asia, and large parts of Africa are on the highest form of alert with attacks not only expected, but considered highly likely.
Islamic State of Iraq & Syria (ISIS/Daesh) – Intelligence Briefing by FCN - Premium
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US INCSR 2019 Published
The US Department of State published its 33rd annual report (INCSR for 2018) in March 2019 listing 81 Countries which are considered “Major Money Laundering Jurisdictions,” down from 91 just a year before. Countries no longer designated are: Cambodia, Egypt, Guinea-Bissau, Kyrgyz Republic, Lebanon, Portugal, S Africa, Switzerland, Turkmenistan & Uruguay.
Countries on the INCSR 2018 (published in 2019) list with a match to the FATF high risk and other monitored jurisdictions list are: Bahamas, Ghana, Iran, Pakistan, Serbia & Trinidad & Tobago.
Being included on the INCSR list is not an indication that a jurisdiction is not making strong efforts to combat money laundering and therefore “is not a blacklist” nor are there Sanctions that apply. To put this into context however, advanced economies, such as the US, UK and Canada are also included on this list.
