Webcast: ISIS/ISIL Funding Methods and Financial Crime Risks
Islamic State: The Economy-Based Terrorist Funding
The Islamic State (IS/ISIS/ISIL) has taken control of a territory equal in size to the United Kingdom with a population of over eight million. The profile and the power of this group are a first in the history of contemporary terrorism. It has acquired majority control over the Syrian governorates of Aleppo, Raqqah and Deir es-Zor and the Iraqi provinces of Salahuddin, Al-Anbar, Nineveh, and Diyala. The IS exerts authority over a range of industrial and commercial activities, natural resources and commodities, from oil to agricultural products and minerals. Based on conservative estimates, the IS currently control assets in excess of US$2 trillion, with a current annual income amounting to US$2.9 billion.
Given the importance of these figures, it is likely that the organization of the Islamic State is trying to enter the mainstream economy either through the banking system or via certain industrial sectors, especially energy and commodities. In this respect, IS represents an unprecedented level of risk.
This insightful live webcast, facilitated by Jean-Charles Brisard, an international consultant and expert on terrorism, Dr. Rohan Gunaratna, Professor of Security Studies and Head of the International Centre for Political Violence and Terrorism Research at Nanyang Technological University in Singapore and Damien Martinez, Sales Director Western Europe at Thomson Reuters GRC will cover how the IS is securing their finances and what measures must be taken to stop or limit their funding.
Date 24th November 2014
Time 11:00 - 12:00 EST | 16:00 - 17:00 GMT
TopicISIS/ISIL Funding Methods and Financial Crime Risks
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Risky Business: The Global Threat Network and the Politics of Contraband
This study, from the US Department of Defense Combating Terrorism Center at West Point and Thomson Reuters, looks at the interrelationship between illicit activity in the economic and political arenas. It offers a different perspective on the global illicit marketplace and the connectivity between crime and terror through examining the relationships of those who produce and profit from fear for financial or political purposes.
ISIS/ISIL Funding Methods and Financial Crime Risks
Jean-Charles Brisard is an international consultant on business intelligence and investigation, and expert on terrorism and terrorism financing. He authored the first and most exhaustive study ever written on the financial network of the Bin Laden organization, "The economic environment of Osama Ben Laden", providing evidence of links between Islamic NGOs and terrorist networks. His report was written for the French intelligence community and published by the French National Assembly in 2001. He testified on his work before the US Congress Joint Inquiry into the terrorist attacks of September 11, 2001, before the US Senate Banking Committee and reported on terrorism financing for the President of the UN Security Council.
From 2002 until 2010, he served as chief investigator and expert for lawyers representing families of the 9/11 victims. He also served as an expert, investigator or witness in several prosecutions of terrorism financing and money laundering cases in France, Switzerland, the UK and the United States. He provided training to the French authorities on terrorism and terrorism financing and currently teaches Counterterrorism at the French Institute of Political Studies (IEP) in Strasbourg.
From 1997 until 2002, Jean-Charles Brisard has served as special adviser to the Vice President of Vivendi Universal for corporate and business intelligence after serving as director of business intelligence and international legal counsel for international corporations. He held several positions in France as counsel to the former Chief Antiterrorism Prosecutor (1994-97) and adviser to the French Minister of Interior and French Prime Minister (1993-94). He also served as advisor to a US Senator (1990-91).
Jean-Charles Brisard authored "Forbidden Truth: U.S.-Taliban Secret Oil Diplomacy And The Failed Hunt For Bin Laden" in 2001 and "Zarqawi, The New Face of Al-Qaeda" in 2005. He earned a Master of Advanced Studies in Public International Law of the Paris University of Law, a Master’s degree in Comparative Law from the Institute of Political Studies in Paris, and he studied Diplomacy at Georgetown University, Washington, D.C. In 2008, he was appointed as Knight in the French National Order of Merit by President Nicolas Sarkozy.
Dr. Rohan Gunaratna
Dr. Rohan Gunaratna is Professor of Security Studies and Head of the International Centre for Political Violence and Terrorism Research at Nanyang Technological University in Singapore. He is also a member of the Steering Committee of George Washington University's Homeland Security Policy Institute and serves on the Advisory Board of the International Centre for Counter-Terrorism, The Hague.
He is the author and editor of 15 books including "Inside Al Qaeda: Global Network of Terror"(Columbia University Press). Admiral William McRaven appointed him to the International Senior Advisory Panel of the US Special Operations Command in 2013. For advancing international security cooperation, he received the Major General Ralph H. Van Deman Award in 2014.
Damien Martinez is Sales Director for Thomson Reuters Risk in Western Europe. Damien is the co-author of the biography "Zarqawi – The New Face of Al-Qaida" (Fayard 2005) translated in to eight languages. He is a regular participant on terrorism and economic crime conferences, and has worked on the topic of diligence in the course of Economic Citizenship programs. He is the former Head of Terrorism Financing Prevention for the Credit Suisse Group.
While at Credit Suisse Damien served on the Wolfsberg Group, a professional association of eleven leading global banks which aims to develop financial services industry standards and related products for Know Your Customer (KYC), Anti-Money Laundering (AML) and Counter Terrorist Financing (CFT) policies.
Prior to Credit Suisse he spent several years with the Swiss Federal Police working with the Federal Counter-Terrorism Unit and Serious Crimes and served as a member of Interpol's Group of experts on Terrorism. He participated as an expert to the Counter-Terrorism Implementation Task Force under the lead of the United Nations Office on Drugs and Crime. Prior to this Damien worked as a special investigator with the September 11 Class Action, representing more than 20,000 family members of the terrorist attacks. He started his career as a financial crime consultant for a leading French EDD & BI company.