The Institute for Global Security Symposium will feature prominent guests discussing “Preventing the Financing of Terrorism.” The panel will be held March 2 from 1 to 5:30 p.m. in the School of Law Moot Courtroom (A59).
Panelists will discuss the current legal framework provided in the Patriot Act that requires all regulated financial institutions—including banks, insurance companies and broker-dealers—to institute procedures to identify clients and monitor their accounts to detect possible terrorism financing and to report such suspicion to the Financial Crimes Enforcement Network of the U.S. Treasury. These requirements are based on the international standards promulgated by the Financial Action Task Force, which adopted the 11 Recommendations on Terrorism Financing soon after Sept. 11.
Richard Barrett, coordinator of the U.N. Security Council Taliban Al Qaida Monitoring Team and director of the U.N. Counter-terrorism Implementation Task Force, will moderate the event. Panelists will be Yves Aeschlimann from The World Bank; Lisa Belle of Barclays Wealth Bank; Jeffery Breinholt from the U.S. Department of Justice; Ross Delston, CAMS, attorney and consultant, Washington, D.C.; Phillip De Luca of JPMorgan Chase; Nadim Kyriakos-Saad from the International Monetary Fund; Rick McDonell of the Financial Action Task Force; Frank Meister from FirstMerit Bank; Rick Small from American Express; and Boudewijn Verhelst of Egmont Group of Financial Intelligence Units.
All attendees must register online by Feb. 24.