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Countering-Terrorism financing & Anti-money laundering
Overview
In response to the September 11th and other sophisticated attacks, the combating of terrorist financing and other money laundering operations has become a priority for governments, corporations and major financial institutions.
Regulations
International guidelines and regulations have been established to curb the scourges of money-laundering & terror financing, with requirements that include the criminalizing of terrorism financing, the development of a system to freeze terrorist / criminal assets and the institution of adequate oversight for non-profit institutions such as charities and foundations. However it will only be when these systems are efficiently installed and effectively implemented that the illegal financial funnel will finally be eradicated and international institutions protected.
Services
Acylon specializes in counter-terror financing and anti-money laundering services that include:
- Analysis of charities and hawalas (an informal and common Middle Eastern system for transferring money)
- Best practices of avoiding the misuse of hawalas and charities and preventing terrorists and money launderers from infiltrating and abusing these entities
- Counsel on freezing terrorist assets
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