An assessment of current efforts to combat terrorism financing: hearing before the Committee on Governmental Affairs, United States Senate, One Hundred Eighth Congress, second session, June 15, 2004

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U.S. Government Printing Office, 2004 - 321 pages

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Page 71 - Prohibit their nationals or any persons and entities within their territories from making any funds, financial assets or economic resources or financial or other related services available, directly or indirectly, for the benefit of persons who commit or attempt to commit or facilitate or participate in the commission of terrorist acts, of entities owned or controlled, directly or indirectly, by such persons and of persons and entities acting on behalf of or at the direction of such persons; 2.
Page 129 - Those authorities shall take their decision in the same manner as in the case of any other offence of a grave nature under the law of that State.
Page 115 - Become parties as soon as possible to the relevant international conventions and protocols relating to terrorism, including the international Convention for the Suppression of the Financing of Terrorism of 9 December 1999...
Page 66 - Property" shall mean assets of every kind, whether corporeal or incorporeal, movable or immovable, tangible or intangible, and legal documents or instruments evidencing title to, or interest in, such assets; (e) "Proceeds of crime...
Page 71 - Public transportation system" means all facilities, conveyances and instrumentalities, whether publicly or privately owned, that are used in or for publicly available services for the transportation of persons or cargo. Article 2 1 . Any person commits an offence within the meaning of this Convention if that person unlawfully and intentionally delivers, places, discharges or detonates an explosive or other lethal device in, into or against a place of public use, a State or government facility, a...
Page 139 - Package, operational risk was defined as: 'the risk of direct or indirect loss resulting from inadequate or failed internal processes, people and systems or from external events'.
Page 127 - Financial institutions should ensure that the principles mentioned above are also applied to branches and majority owned subsidiaries located abroad, especially in countries which do not or insufficiently apply these Recommendations, to the extent that local applicable laws and regulations permit. When local applicable laws and regulations prohibit this implementation, competent authorities in the country of the mother institution should be informed by the financial institutions that they cannot...
Page 56 - Operations (DPKO), the United Nations High Commissioner for Refugees (UNHCR), the United Nations Development Programme (UNDP) and the World Bank. As the 'focal point...
Page 127 - FIU. 15.* Financial institutions should develop programmes against money laundering and terrorist financing. These programmes should include: a) The development of internal policies, procedures and controls, including appropriate compliance management arrangements, and adequate screening procedures to ensure high standards when hiring employees. b) An ongoing employee training programme. c) An audit function to test the system. 16...
Page 133 - A. GENERAL FRAMEWORK OF THE RECOMMENDATIONS 1. Each country should take immediate steps to ratify and to implement fully, the 1988 United Nations Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances (the Vienna Convention). 2. Financial institution secrecy laws should be conceived so as not to inhibit implementation of these recommendations. 3. An effective money laundering enforcement program...

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