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𝐔𝐀𝐄 𝐛𝐞𝐜𝐨𝐦𝐞𝐬 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐠𝐢𝐨𝐧 𝐭𝐨 𝐠𝐚𝐢𝐧 𝐨𝐛𝐬𝐞𝐫𝐯𝐞𝐫 𝐬𝐭𝐚𝐭𝐮𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐮𝐫𝐚𝐬𝐢𝐚𝐧 𝐆𝐫𝐨𝐮𝐩 𝐭𝐨 𝐜𝐨𝐦𝐛𝐚𝐭 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐜𝐫𝐢𝐦𝐞𝐬. The UAE has gained observer status in the Eurasian Group on Combating Money Laundering and Terrorism Financing, marking a regional first and reaffirming its leadership in global efforts to combat financial crimes. #UAE #EurasianGroup #FinancialCrime #MoneyLaundering #TerrorismFinancing #GlobalCooperation #FATF #ArabTimes #ArabTimesNewspaper #ArabTimesNews

Bill Alert! US House Bill HR 6322 - End Financing for Hamas and State Sponsors of Terrorism Act Policy: International Affairs Status: Bill Introduced Full Details: https://lnkd.in/e8sVn6yc Bill 118 hr 6322, also known as the End Financing for Hamas and State Sponsors of Terrorism Act, is a piece of legislation introduced in the US Congress. The main goal of this bill is to cut off financial support for Hamas, a known terrorist organization, and other state sponsors of terrorism. The bill outlines several key provisions, including the imposition of sanctions on individuals and entities that provide financial support to Hamas or oth...

🔎 𝐂𝐨𝐮𝐧𝐭𝐞𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐨𝐟 𝐓𝐞𝐫𝐫𝐨𝐫𝐢𝐬𝐦 work continues ⤵ OSCE and UNODC are in Sarajevo for launching the briefing for 𝗯𝗮𝗻𝗸𝗶𝗻𝗴 𝗽𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝗮𝗻𝗱 𝗹𝗮𝘄 𝗲𝗻𝗳𝗼𝗿𝗰𝗲𝗺𝗲𝗻𝘁 𝗼𝗳𝗳𝗶𝗰𝗲𝗿𝘀 𝗼𝗻 𝗶𝗺𝗽𝗼𝘀𝗶𝗻𝗴 𝘁𝗮𝗿𝗴𝗲𝘁𝗲𝗱 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝗮𝗻𝗰𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝘁𝗵𝗲 𝘁𝗲𝗿𝗿𝗼𝗿𝗶𝘀𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗰𝗼𝗻𝘁𝗲𝘅𝘁, including: ☑ Increasing awareness of using UNSCR 1267 & 1373 as a disruption tool against terrorists and terrorist networks ☑ enhancing capacity of reporting entities to implement the asset freeze 𝑤𝑖𝑡ℎ𝑜𝑢𝑡 𝑑𝑒𝑙𝑎𝑦 ☑ Identifying needs for future technical assistance on the topic Thanks to OSCE Mission to Bosnia and Herzegovina for their continued support & US for funding this important initiative ❗

Bill Alert! US House Bill HR 6322 - End Financing for Hamas and State Sponsors of Terrorism Act Policy: International Affairs Full Details: https://lnkd.in/e8sVn6yc Bill 118 hr 6322, also known as the End Financing for Hamas and State Sponsors of Terrorism Act, is a piece of legislation introduced in the US Congress. The main goal of this bill is to cut off financial support for Hamas, a known terrorist organization, and other state sponsors of terrorism. The bill outlines several key provisions, including the imposition of sanctions on individuals and entities that provide financial support to Hamas or oth...

In its 2023 Annual Report the Council of Europe #MONEYVAL Committee urges its 33 member states & territories to enhance the effective implementation of international standards in tackling #MoneyLaundering, the #FinancingOfTerrorism and of the #Proliferation of #WMD: 🔗 https://lnkd.in/e72i6EXe The #MONEYVAL & Financial Action Task Force (FATF) cooperate closely on revising the standards to counter #MoneyLaundering, the #FinancingOfTerrorism & the #Proliferation of #WMD. They comprise preventive & repressive measures protecting the global financial system from abuse: 🔗 https://go.coe.int/4DvhD Learn more here: 🔗https://lnkd.in/e8hUYUiK

The Nigerian Financial Intelligence Unit has disclosed that the Federal Government has uncovered the identities of 15 entities, including nine individuals and six Bureau De Change operators and firms, allegedly involved in terrorism financing. https://lnkd.in/dNcGCcDt #NigerianFinancialIntelligenceUnit #FederalGovernment #TerrorismFinancing #Entities #Individuals #BureauDeChange #MoneyLaundering #FinancialCrime

I am glad to share that I have completed the certificate course in Combating Terrorism Financing from Basel Institute. The course is designed to give an overview, knowledge, and skills to identify and counteract the financial aspects of terrorism. #aml #amlcft #combatingterrorismfinancing #amlcompliance #certificate #complianceinstitute #fiu #baselinstituteonGovernance 

The Nigerian Financial Intelligence Unit has disclosed that the Federal Government has uncovered the identities of 15 entities, including nine individuals and six Bureau De Change operators and firms, allegedly involved in terrorism financing. https://lnkd.in/deNTppd2 #NigerianFinancialIntelligenceUnit #FederalGovernment #TerrorismFinancing #Entities #Individuals #BureauDeChange #MoneyLaundering #FinancialCrime

#What #is #FATF The Financial Action Task Force (FATF) is an international organization that sets standards to prevent money laundering, terrorist financing, and proliferation financing:    Purpose The FATF's purpose is to protect the global economy and financial systems from these threats. The FATF does this by:   Researching how money is laundered and terrorism is funded    # Promoting global standards to reduce risks   # Assessing whether countries are taking effective action   Working on areas such as asset recovery, corruption, and environmental crime    History The FATF was established in 1989 by the G7 to combat money laundering. In 2001, its mandate was expanded to include countering terrorist financing. Since 2019, the FATF has had an open-ended mandate.    Membership As of 2023, the FATF has 38 member jurisdictions and two regional organizations. These include the European Commission and the Gulf Cooperation Council.    Relevant laws and regulations In Pakistan, relevant laws and regulations include the Anti-Money Laundering Act, 2010, and the Anti-Terrorism Act, 1997.   

📖 The Egmont Group is pleased to present a Public Summary Report on FIUs’ Role in the Fight Against the Abuse of NPOs for Terrorist Financing Activities. ⚠️ The NPO sector poses great challenges for FIUs due to its scale, distinctive structures and nature of the work undertaken. NPOs often work internationally, in or adjacent to conflict-afflicted areas, with those involved in humanitarian missions operating in the same environments and vulnerable populations as terrorist entities. This can render NPOs susceptible to exploitation and even have them complicit with terrorist organizations and their TF activities.   🌏 Considering the high risk and considerable global growth of the NPO sector, FIUs play a vital role in identifying and detecting transactions related to TF activities. Moreover, the international nature of NPOs' activity highlights the importance of international cooperation and timely information sharing between FIUs. This requires the establishment of effective long-term CTF strategies and preventive measures by FIUs and their partner agencies, focusing on operational exchanges, strategic intelligence and analysis.   💡 This report provides a refined understanding of how NPOs are exploited for TF purposes. With a more detailed and nuanced view of NPO risk, this report should also contribute to broader initiatives aimed at preventing unintended consequences for NPOs that are at low or no risk of abuse. 🔗 To learn more, download the report: https://lnkd.in/g-HFFUix   #amlcft #financialintelligence @NPOs #cooperation #moneylaundering #terroristfinancing #egmontgroup Financial Action Task Force (FATF) | INTERPOL | The World Bank | International Monetary Fund | International Association of Prosecutors | Wolfsberg Group Secretariat