How do you test if a country's counter terrorist financing capability is fit for the job?
With lots of exercise!
UNODC's Global Programme against Money Laundering, the proceeds of Crime and the Financing of Terrorism (GPML), recently concluded a series of live exercises with experts from private and public sector in Slovakia to test their current capabilities to detect, investigate and disrupt terrorist financing. Realistic scenarios involving terrorist attacks, manhunts, facilitation networks and the abuse of non-bank payment methods were used to test analysts from the financial intelligence units, police investigators, prosecutors, regulators and other agencies working in teams alongside their partners in the private sector.
The event was organised by the Institute of Banking Education of the National Bank of Slovakia in Bratislava together with expert support from the Centre for Financial Crime Studies at the Royal United Services Institute. This was the first time that such an exercise had been undertaken in Slovakia and participants identified both immediate quick fixes to fill gaps in their current capabilities and also longer term structures that could support increased dialogue and fast-time information sharing between agencies and the private sector.
"I am writing our National Risk Assessment for anti-money laundering and counter financing of terrorism - after this event, I now can see a number of critical gaps in our capabilities and ways to fill them - Slovakian Law Enforcement Expert."