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, 2004U.S. Government Printing Office, 2004 - 321 pages |
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Page 1
... the size , the reach and the wealth of persons and institutions there with connec- tions to violent terrorist groups put the kingdom on the front lines of this battle . ( 1 ) There are other engines of terrorism financing , but as.
... the size , the reach and the wealth of persons and institutions there with connec- tions to violent terrorist groups put the kingdom on the front lines of this battle . ( 1 ) There are other engines of terrorism financing , but as.
Page 2
... groups to raise and move funds using charities as conduits . There remain , however , serious questions . Most important , what are the Saudi's doing to crack down on the International Islamic Relief Organization , the World Assembly of ...
... groups to raise and move funds using charities as conduits . There remain , however , serious questions . Most important , what are the Saudi's doing to crack down on the International Islamic Relief Organization , the World Assembly of ...
Page 3
... groups . We must exercise relentless scrutiny and take strong action . And as this report emphasizes so clearly , we must have the sustained will necessary to win the war against terrorism . Senator Lieberman . OPENING STATEMENT BY ...
... groups . We must exercise relentless scrutiny and take strong action . And as this report emphasizes so clearly , we must have the sustained will necessary to win the war against terrorism . Senator Lieberman . OPENING STATEMENT BY ...
Page 5
... groups to begin to try to raise their funds locally . That cooperation and progress between the United States and the Saudis is important and must grow . In fact a joint U.S. - Saudi task force on these subjects was estab- lished last ...
... groups to begin to try to raise their funds locally . That cooperation and progress between the United States and the Saudis is important and must grow . In fact a joint U.S. - Saudi task force on these subjects was estab- lished last ...
Page 6
... they use those extra profits to fi- nance terrorist groups that have killed Americans ? I went to four viewings and funerals last week in the State of New Jersey , people who died in the service of their country . And 6 Senator Lautenberg.
... they use those extra profits to fi- nance terrorist groups that have killed Americans ? I went to four viewings and funerals last week in the State of New Jersey , people who died in the service of their country . And 6 Senator Lautenberg.
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Common terms and phrases
able to verify accounts activities administrative Al Haramain al-Qaeda anti-money laundering Article assets Aufhauser Basel charities combat money laundering combat terrorist financing competent authorities confiscation cooperation criminal CTAG customer due diligence documents effective enforcement perspective entities established FATF 40 Recommendations FATF Recommendation financial institutions financing of terrorism found Saudi Arabia funds global Hamas hawala identify implementation perspective Interpretative Note Islamic Center issues jurisdictions King Fahd KSA-AMLL laundering and terrorist law enforcement laws and regulations legal persons legal perspective madrassas measures MLSA monitoring Mosque mutual legal assistance non-financial institutions non-profit organisations Osama bin Laden oversight Pakistan Palermo Convention principle procedures Recommendations on Money regard regime regulatory relevant report in Annex requests requirements risk Riyadh SAMA-AMLCTF sanctions Saudi Arabia's compliance Saudi government sector Senator supervisors Task Force terrorism financing terrorist organizations U.S. government United Nations UNSC verify Saudi Arabia's Vienna Convention
Popular passages
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...