Understand and tackle terrorist financing risk - the FATF guide reworked

The ordering anti-money laundering/counter terrorist financing (AML/CTF) is telling, but while the probability of processing funds linked to a terrorist attack may well be lower by far than for laundering funds derived from 'ordinary' crime, the impact can be incalculably greater - deadly - so a risk-based approach demands, if different, no lesser attention to the TF threat. Jonah Anderson and Phil Taylor of White & Case find useful assessment and instruction in a wholly updated and revised publication from the Financial Action Task Force.

Jonah Anderson (+44 (0)20 7532 2293, jonah.anderson@whitecase.com) is a partner and Phil Taylor (+44 (0)20 7532 2995, phil.taylor@whitecase.com) a professional support lawyer at White & Case in London. Any views expressed in this article are strictly those of the authors and should not be attributed in any way to White & Case LLP.

The ordering anti-money laundering/counter terrorist financing (AML/CTF) is telling, but while the probability of processing funds linked to a terrorist attack may well be lower by far than for laundering funds derived from 'ordinary' crime, the impact can be incalculably greater - deadly - so a risk-based approach demands, if different, no lesser attention to the TF threat. Jonah Anderson and Phil Taylor of White & Case find useful assessment and instruction in a wholly updated and revised publication from the Financial Action Task Force.