The CTF Simulation – Putting your CTF controls to the test

Modern day terrorists obtain money in a number of ways, many of which makes tracking the associated financial flows extremely difficult. Small sums of legitimate money from people or ‘clean sources’ not on any bank watch list, or red flagged by internal screening systems, has further added to the challenge firms have in identifying suspicious transactions.

If a firm’s risk based strategy is found wanting reputational damage can be great and financial penalties high.  It is critical that firms combat the threat posed by modern day terrorists by continually improving the investigatory skills and financial intelligence capabilities of Compliance/AML professionals, Financial Investigators and Analysts.

  • How do you go about detecting, deterring and disrupting terrorist financing in your firm?
  • How do you ensure that your team are not wasting their time looking in the wrong places for suspicious terrorist activity?
  • How do you equip your team with the financial intelligence to sift for clues and develop appropriate alert mechanisms?

This unique one day workshop – designed by a team of former members of the UK’s National Terrorist Financial Investigation Unit and New Scotland Yard Fraud Squad – address these challenges head on by immersing you in a series of ‘live’ CTF scenarios using case studies drawn from actual terrorist investigations. In the workshop you can expect to review ID, V documents, videos, handle online chatter and deal with concerned stakeholders. In short, the trainers do everything they can in the simulation to replicate the urgency and uncertainty of a real life terrorist financing investigation.

The CTF simulation gives your firm:

  • The ability to test and enhance your CTF controls in a safe environment
  •  The confidence that your team has acquired the skills for implementing proper internal controls and risk management practices, policies and procedures
  •  The confidence that you can meet your regulatory requirements

 

After attending this workshop, you will:

  • Be more proficient in financial investigation and analysis of counter terrorist financing
  • Understand how financial intelligence can be used in identifying and disrupting terrorist financing
  • Be able to develop financial intelligence to be used in a mission critical plan
  • Be able to utilise financial intelligence in reactive and proactive operations
  • Understand the typologies and trends of terrorist financing
  • Understand Hawala Banking and how it is used by terrorist organisations
  • Enhance terrorist asset identification and recovery skills
  • Have a better understanding of current IS, AQ & AQAP fund raising

PART 1: Identifying Intelligence Opportunities

You will review an initial case study on gathering and analysing financial intelligence, looking at areas to exploit and utilise the financial data. Scenario 1: At the start of the exercise the attendees will examine banking and other intelligence feeds in order to identify Terrorist Cell indicators and raise concerns to the trainer.

PART 2: Typologies and Indicators

In this US based case study, the students will recognise the intelligence that can be gathered and analysed at the account opening stage by reviewing the data held within banks, and look at an in-depth examination of accounts that contain terrorist activity.

Scenario 2: Delegates continue with the examination of financial data that will identify criminality and money flows that place terrorists in a position to conduct an attack.

PART 3/4: Exploitation of NGO’s and International Focus

This case study focuses on the money flows overseas from terrorist financial investigations. Participants will focus on the use of charities and the intelligence that can be obtained from overseas transactions and also the development of radicalisation.

Scenario 3/4: You will review further data that will highlight the descent from radicalisation into extremism, as well as examine intelligence that deals with insider fraud. Through the analysis of the intelligence and financial data, the participants will be in a position to begin the decision making process as to a course of action to disrupt the Terrorist Cell.

PART 5: The Shifting Dynamic – How investigations and intelligence gathering change from reactive to proactive

This case study examines the principal indicators of the preparation and attack phase as seen in the 7/7 attack in London in 2005. The attendees are now in the dynamic phase of the intelligence gathering process as they attempt to decide on a course of action to protect the Community.

PART 6: Preparation, Procurement, Planning and Cell Dynamics

The delegates review a final case in which they analyse a major UK Terrorist Investigation that incorporates all elements of the Terrorist Indicators they have been searching for in the Scenario. This includes Radicalisation, Fraud, Insider support and attack preparation.

Scenario 5/6: The conclusion of the exercise is designed to be fluid and thought provoking. The working groups of participants make a financial analysis of the financial data available and bring the programme to a conclusion. The expectations are that the examination of all data supported by other intelligence will lead to an understanding that Terrorist Indicators are identifiable in banking data.

Grahame White

Grahame spent 5 years in the Public Sector Corruption Team of the Scotland Yard Fraud Squad. His role was the investigation of major fraud and corruption against the public purse, which included liaison at Senior level with National and Local Government Officials in Greater London as well as National Health Service and Department of Education.

 

Upon moving to Counter Terrorism Grahame began with the successful conviction and deportation of a cell of HAMAS fundraisers before taking on the role of the financial aspects of Operation Crevice and the 7/7.

 

On the successful completion of his Masters in Fraud Management in which he identified gaps in the intelligence effort between law enforcement and the reporting sector, he created a commercial training programme, on behalf of New Scotland Yard, with a private sector partner.

 

When he left NSY in 2013 he became Head of European Operations for ACAMS before fulfilling his ambition to drive Analysis Internationals training effort.

How do the trainers make it feel real? Having delivered hundreds of CTF simulation exercises to firms across the world, our trainers know the issues compliance/AML professionals face.  They ensure that, as with a real situation, they plan for the unexpected so that every twist and turn of the unfolding scenario feels genuine.

Take this workshop in-house

If you have five or more delegates who wish to attend this course, it may be more cost effective to run it in-company. To find out more about in-company training, please contact Philip Allen Director of Learning on 0207 216 8843 or philip.allen@bba.org.uk