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Objective
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Build the capacity of Member States to
comply effectively with the requirements of UN Security Council
Resolution 1373 and the FATF Recommendations on Money Laundering
(40) and Terrorist Financing (9). CICTE seeks to supplement work
done in the area by CICAD and highlight the unique aspects of
Terrorist Financing as opposed to traditional criminally based money
laundering. CICTE maintains active contact with other international
actors in this field such as FATF, UNODC, CFATF, GAFISUD and the IMF/WB. |
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Description
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Terrorist Financing legislation
objectives feature prominently in the CICTE Legislation
programs. The project also includes advocacy of issues within
the FATF and a linkage for non FATF member States within the OAS
to FATF discussions. CICTE has financed translation of FATF
documents into other OAS languages for distribution to member
states and regional FATF bodies.
Since completion of
CICTE’s terrorist financing module in Spanish in early 2006, “A
Practical Guide to Combating Terrorist Financing,” CICTE has
shared CD copies with Member States, CICAD, UNODC, OSCE, the IMF,
and other multilateral and international organizations for use
in their money laundering and terrorist financing training
courses. The module includes information on the current
international legal framework and model legislation;
methodologies of terrorist financing; sanitized typologies;
examples and alternative remittance systems; best practices; and
mechanisms to allow bank authorities to detect and track money
that might be diverted to fund terrorist activities. |
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Audience
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Primary audience is national FIU and
associated ministry personnel. Secondary audience is related
industry personnel in the public and private sectors. A key
secondary audience is national legislators. |
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