Past event

Conference

Countering Terrorist Financing

Cross-border co-ordination on illicit financial flows

Chatham House, London

As terrorist groups move towards more planned and organized models they need access to well-funded, diverse networks and, with the emergence of Islamic State, terrorist finance models are becoming increasingly complex and sophisticated.

Technological progress and the proliferation of financial instruments are challenging the ability to accurately trace and counter the flow of funds. Despite the guidance provided by the intergovernmental Financial Action Task Force as well as other state and non-state actors, the rise of Islamic State calls for an urgent, critical re-examination of existing approaches for disrupting the financing of terror groups and strengthening international legal systems against them. The financial battle against terrorism requires greater cooperation, more innovative approaches and better targeting of resources than ever before, as systems develop rapidly in new directions, supporting large groups controlling populations and territory or lone actors and small cells plotting homeland attacks.

This conference will bring together policy-makers, international organizations, financial institutions and businesses to evaluate the landscape of terrorist finance, analyse external and internal sources of funding and assess how to improve counterterrorist strategies, by undermining the financial management of terror groups and coordinating legal measures to combat them. 

The Chatham House Rule 
To enable as open a debate as possible, this conference will be held under the Chatham House Rule.

Twitter 
Suggested hashtag: #CHTerroristFinancing

Pricing

For any questions about which rate applies to you, please call +44 (0) 20 7957 5727

                       FULL RATE
 EXCL. VATINCL. VAT
Major corporate member rates  
All organizations£595£714
Corporate member rates  
Commercial organizations£1,180£1,416
Government departments£700£840
NGOs and academics£460£552
Standard rates  
Commercial organizations£1,295£1,554 
Government departments£750£900
NGOs and academics£510

£612

Monday 8 February
0930

Session One | Terrorist Financing Today
09:30 - 12:00

This opening session will explore changes in terrorist financing over the last 15 years, evaluate new models of terrorism such as the Islamic State of Iraq and Syria (ISIS), and the rapidly emerging threat of lone actor and small cell terrorism, and assess their means of finance.  

  • What have been the defining features of the terrorist finance landscape since 2001, and what have been the most significant developments regionally? 
  • How do the emergence of ISIS and the increased emphasis on lone actor and small cell terrorism represent a fundamental shift in terrorism finance models? How does their financing differ from other models? 
  • What financial instruments are often used by lone actor terrorists? 
  • What is the impact of the continuing relationship between terrorism finance and organized crime?How does this nexus impact the ability of terrorists to raise finance? 
  • How has terrorism finance evolved and how will it continue to evolve with technological advancements such as virtual currency?
  • To what extent do informal networks such as hawala and other monetary exchanges remain prevalent in terrorist financing? What are the most effective methods for disrupting these networks?

Chair
Dr Robin Niblett, Director, Chatham House 

Keynote speakers
Charles Farr, Chairman, Joint Intelligence Committee and Head, Joint Intelligence Organisation, Cabinet Office, United Kingdom 
Daniel Glaser, Assistant Secretary for Terrorist Financing and Financial Crimes, US Department of the Treasury (on the record)
Je-Yoon Shin, President, Financial Action Task Force (on the record)

Questions and discussion

Moderator
Tom Keatinge, Director, Centre for Financial Crime and Security Studies, RUSI

Panellists
HE Amr Abdellatif Aboulatta, Ambassador and Permanent Representative of the Arab Republic of Egypt to the UN; Chair, UN Security Council Counter-Terrorism Committee
Dr Edwina Thompson, Director, Beechwood International 
Peter Clark, Deputy CEO, Australian Transaction Reports and Analysis Centre 
Patrick Krekels, General Counsel, Society for Worldwide Interbank Financial Telecommunication 

Questions and discussion

12:00 - 12:30 Refreshments


Session Two | Counter Terrorist Financing Strategies
12:30 - 13:45

This session will assess appropriate counter terrorist financing (CTF) strategies for state and non-state actors to combat current terrorism financing models.

  • To what extent are traditional CTF methods ineffective against the financing methods of territorially based terrorist organizations that use financing methods, such as trafficking of natural resources and taxation? 
  • What are the current legal requirements on states to adopt CTF measures? How successful has the network of UN Security Council resolutions been? What else can be done to encourage states to implement these measures?
  • What challenges do these measures present for human rights? How can the need to provide humanitarian exceptions be met without harming the efficacy of the measures?
  • What is the role of the European Union in countering terrorist financing? Has the relationship between the EU and the UN been improved?
  • What can be done to strengthen the international CTF system?
  • How is the recent nuclear deal with Iran likely to affect ongoing CTF efforts in the region?

Chair
Michael Levi, Professor of Criminology, Cardiff University 

Keynote speaker
Rob Wainwright, Director, Europol (on the record)

Questions and discussion

Moderator
Michael Levi, Professor of Criminology, Cardiff University 

Panellists
Catherine Marchi-Uhel, Ombudsperson, Security Council 1267 Committee, United Nations
John Ringguth, Executive Secretary (2002-15); Scientific Expert, MONEYVAL, Council of Europe 
Linda Champion, Commander Europe, Australian Federal Police representing the AFP Co-Chair, Asia/Pacific Group on Money Laundering
Liat Shetret, Senior Fellow and Certified Anti-Money Laundering Specialist, Global Center on Cooperative Security 

Questions and discussion

13:45 - 14:45 Lunch


Session Three | Financial Institutions and Behaviours
14:45 - 16:10 

This session will discuss the different behaviours that financial institutions can adopt to counter the financing of terrorism and effective strategies for encouraging them to do so. 

  • What is the most appropriate and effective set of behaviours and procedures with which financial institutions may counter the finance of terrorism?
  • What is expected of financial institutions? How successful have policy-makers been at establishing international norms and standards, such as Know Your Customer (KYC) and Customer Due Diligence and Enhanced Due Diligence (CDD/EDD)? 
  • How can the need to isolate terrorist organizations financially be balanced against the need to monitor their financial activity?
  • How can policy-makers encourage banks and other financial intelligence units (FIUs) to monitor rogue actors and remain active in ‘at risk’ regions, rather than engage in ‘de-risking’ behaviours with potentially negative consequences for CTF strategies?
  • To what extent should responsibility for CTF efforts be delegated to the private sector? 
  • How have CTF tools evolved with technological advancement?

Chair
HE Amr Abdellatif Aboulatta, Ambassador and Permanent Representative of the Arab Republic of Egypt to the UN; Chair, UN Security Council Counter-Terrorism Committee

Keynote speaker
Jennifer Shasky Calvery, Director-Financial Crimes Enforcement Network, US Department of the Treasury

Speakers
John Solomon, Director of Threat Finance Research, Thomson Reuters 
Oleksiy Feshchenko, AML Adviser, Global Programme against Money-Laundering, Proceeds of Crime and the Financing of Terrorism (GPML) United Nations Office on Drugs and Crime 
Jacqueline Molnar, Senior Vice President, Interim Chief Compliance Officer, Western Union​
Alex Manson, Global Head, Transaction Banking, Standard Chartered

Questions and discussion

16:20 - 16:40 Refreshments

Session Four | Partnerships in Countering Terrorism Finance
16:40 - 17:45 

This closing panel discussion will assess the importance of public/private partnerships, interagency cooperation and information sharing in developing a comprehensive CTF framework and accurately measuring the effectiveness of CTF measures.

  • To what extent have the private sector and civil society been neglected when building CTF regime consensus, and what partnerships are required to remedy this?
  • Are states and financial institutions using financial intelligence effectively, and is technical compliance with international standards demonstrating CTF effectiveness?  
  • To what extent do barriers to information sharing inhibit partnership? One year on, how has the UK’s Joint Money Laundering Intelligence Taskforce performed in this regard?
  • What steps are required to establish feedback loops for informing effective CTF strategies, such as the interface between law enforcement and financial institutions to enable the two-way flow of information? 
  • To what extent are CTF measures in the private sector hindered by an inability to accurately measure their effectiveness? How can partnerships help overcome this issue? 
  • What are the opportunities for public/private partnerships to enhance transparency and more accurately target terror networks?

Moderator
Alan Hislop, Head, Financial Intelligence Unit UK

Panellists
Tom Keatinge, Director, Centre for Financial Crime and Security Studies, RUSI
Giuseppe Maresca, Director General, Directorate V, Ministry of Economy and Finance, Italy
Peter Barnes, Director Global Investigations, Western Union
Peter Clark, Deputy CEO, Australian Transaction Reports and Analysis Centre 
John Cusack, Co-Chair, Wolfsberg Working Group on Effectiveness 

Questions and discussion


 17:45    End of conference and reception hosted by Chatham House 

 

© The Royal Institute of International Affairs 2016

 

 

 

 

 

Keynote Speakers

Speakers

HE Mr Amr Aboulatta to speak at the Chatham House Countering Terrorist Financing 2016 conference

HE Amr Abdellatif Aboulatta

Ambassador Extraordinary and Plenipotentiary, Permanent Mission of the Arab Republic of Egypt to the UN; Chair, UN Security Council Counter-Terrorism Committee

Peter Barnes to speak at the Chatham House Countering Terrorist Finance 2016 conference

Peter Barnes

Director, Global Investigations, Western Union

Linda Champion to speak at Chatham House Countering Terrorist Financing 2016 conference

Linda Champion

Commander Europe, Australian Federal Police representing the AFP Co-Chair, Asia/Pacific Group on Money Laundering

Peter Clark to speak at the Chatham House Countering Terrorist Financing 2016 conference

Peter Clark

Deputy CEO, Australian Transaction Reports and Analysis Centre (AUSTRAC)

John Cusack

Co-Chair, Wolfsberg Working Group on Effectiveness

Oleksiy Feschenko to speak at Chatham House Countering Terrorist Financing 2016 conference

Oleksiy Feshchenko

AML Adviser, Global Programme against Money-Laundering, Proceeds of Crime and the Financing of Terrorism (GPML) United Nations Office on Drugs and Crime

Alan Hislop to speak at the Chatham House Countering Terrorist Financing 2016 conference

Alan Hislop

Head, United Kingdom Financial Intelligence Unit and Member, The Egmont Group of Financial Intelligence Units

Tom Keatinge to speak at Chatham House Countering Terrorist Financing 2016 conference

Tom Keatinge

Director, Centre for Financial Crime and Security Studies, RUSI

Patrick Krekels to speak at the Chatham House Countering Terrorist Financing 2016 conference

Patrick Krekels

General Counsel, Society for Worldwide Interbank Financial Telecommunication (SWIFT)

Professor Michael Levi to speak at the Chatham House Countering Terrorist Financing 2016 conference

Professor Michael Levi

Department of Criminology, Cardiff University

Alex Manson to speak at Chatham House Countering Terrorist Financing 2016 conference

Alex Manson

Global Head of Transaction Banking, Standard Chartered

Catherine Marchi-Uhel to speak at Chatham House Countering Terrorist Financing 2016 conference

Catherine Marchi-Uhel

Ombudsperson, Security Council 1267 Committee, United Nations

Giuseppe Maresca to speak at Chatham House Countering Terrorist Financing 2016 conference

Giuseppe Maresca

Director General, Directorate V, Ministry of Economy and Finance, Italy

Jacqueline Molnar to speak at Chatham House Countering Terrorist Financing 2016 conference

Jacqueline Molnar

Interim Chief Compliance Officer, Western Union

Dr Robin Niblett

Dr Robin Niblett

Director, Chatham House

John Ringguth to speak at Chatham House Countering Terrorist Financing 2016 conference

John Ringguth

Executive Secretary (2002-15) and Scientific Expert, Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL), Council of Europe

Liat Shetret to speak at Chatham House Countering Terrorist Finance 2016 conference

Liat Shetret

Senior Fellow and Certified Anti-Money Laundering Specialist, Global Center on Cooperative Security

John Solomon

Director of Threat Finance Research, Thomson Reuters

Dr Edwina Thompson to speak at Chatham House Countering Terrorist Financing 2016

Dr Edwina Thompson

Director, Beechwood International

Sponsorsed by

Thomson Reuters sponsor of Chatham House Countering Terrorist Financing 2016 conference

Western Union to sponsor Chatham House Countering Terrorist Financing 2016 conference

If you are interested in becoming a sponsor for this event, please contact Ben Cumming on
+44 (0) 20 7957 5729 or email bcumming@chathamhouse.org

Media partners

Compliance Monitor media partner of Chatham House City Series conference

Compliance Week to partner with Chatham House on Countering Terrorist Financing 2016 conference

The Egmont Group to partner with the Chatham House Countering Terrorist Financing 2016 conference

European Payment Institutions Federation to partner with Chatham House on the Countering Terrorist Financing 2016 conference

Foreign Affairs

ICA to partner with Chatham House on the Countering Terrorist Financing 2016 conference

If you are interested in becoming a media partner for this event, please contact Amy Smith on
+44 (0)20 7957 5755 or email asmith@chathamhouse.org

Venue

Chatham House
10 St James's Square
London
SW1Y 4LE
UK
conferences@chathamhouse.org

Telephone: +44 (0)20 7314 2785
Fax: +44 (0)20 7957 5710

If you wish to book the venue for your own event please phone +44 (0)20 7314 2764

Directions
The nearest tube station is Piccadilly Circus which is on the Piccadilly and the Bakerloo Underground lines. From Piccadilly follow Regent Street southwards towards Pall Mall and take the first road on the right called Jermyn Street. Duke of York Street is the second road on the left and leads to St James's Square. Chatham House is immediately on your right.

Map

Accommodation
Although we cannot book accommodation for delegates, we have arranged a reduced rate at some nearby hotels, where you can book your own accommodation. Please inform the hotel that you will be attending a conference at Chatham House (The Royal Institute of International Affairs) to qualify for the Institute's reduced rate.

Please note all rates are subject to availability.

Flemings Mayfair
Half Moon Street
Mayfair
London - W1J 7BH

Tel: + 44 (0)20 7499 2964
Fax: + 44 (0)20 7499 1817

Standard Single from £195 + VAT

The Cavendish London
81 Jermyn Street
London - SW1Y 6JF

Tel: + 44 (0)20 7930 2111
Fax: + 44 (0)20 7839 2125

Standard Single £205 + VAT

Book The Cavendish online

The Stafford London 
St James's Place
London - SW1A 1NJ

Tel: 020 7518 1125
Fax: 020 7493 7121

Standard Single £235 +VAT

The Savoy London
Strand
London - WC2R 0EU

Tel: 020 7836 4343
Fax: 020 7240 6040 

Standard Single £250 +VAT

This conference will be held under the Chatham House Rule. Information for journalists.

Press can request a press pass.