AML & CFT - TERRORISM AND TERRORIST FINANCING (Part 4 of 4)
1.30pm until 5.00pm
Castille, Casa Leone, Floriana
The fight against terrorism within the European Union has taken on a new urgency in the wake of the terrorist attacks in Paris 2015. At a meeting between the EU Finance Ministers in Brussels on 8 December 2015, a broad agreement was made to step up the fight against terrorist financing. Based on a French initiative, the Ministers agreed to develop capacity to track and freeze terrorist funding and to make it an immediate top priority. Building a capability to commit acts of terrorism is contingent on some level of financial means. Without funding, any effort to commit terrorism acts with serious and deadly outcome would be difficult.
The European Agenda on Security has become a mainstay and a focal point in developing and upgrading legal and regulatory instruments in the fight against terrorism. Obliged Entities are presumed to be cognisant and vigilant in their efforts to combat the Financing of Terrorism (and, by definition, Terrorism too), yet officially – and especially locally – there is little dissemination of information on what the whole phenomenon is all about and what the current trends and indicators are. This session is a first attempt at addressing such a void.