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AML/CFT

The Challenges of Terrorist Financing: 2016 and Beyond

Learn to Identify Terrorist Financing Trends

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Credits Awarded: 1.25 CAFP, 1.25 CFSSP, 1.25 CRCM, 1 CAMS

As witnessed across the globe, the threat of terrorism is constantly present. The landscape of terrorism is ever evolving. The instability in many parts of the world serves as an incubator for terrorists to wreak havoc near and far. The one constant is terrorist organizations require funding to sustain their operations. One of the best chances to prevent terrorists from succeeding is to disrupt their ability to raise, move and access money.

Identifying terrorist financing is a significant challenge confronting financial institutions. The more we understand about our financial institution vulnerabilities and opportunities to identify terrorist financing, the more we contribute to disrupting their ability to strike.

This compelling session will focus on current and emerging terrorist threats, financial trends and detection mechanisms financial institutions can use to identify and report suspicious activity related to terrorists and transnational criminal organizations.

 

 

  

Meet Your Presenter 

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Dennis M. Lormel
Founder & President, DML Associates, LLC.

Mr. Lormel retired from the Federal Bureau of Investigation (FBI) in December 2003, following over 30 years of government service, almost 28 years as a Special Agent in the FBI. During his distinguished career, Mr. Lormel amassed extensive major case experience as a street agent, supervisor and senior executive, particularly in complex, document and labor intensive financial related investigative matters. In December 2000, Mr. Lormel was promoted to Chief of the FBI’s Financial Crimes Program.

Immediately following the terrorist attacks of September 2001, Mr. Lormel formulated, established and directed the FBI’s comprehensive terrorist financing initiative. He developed and implemented a variety of proactive and progressive investigative methodologies. These efforts evolved into the formation of a formal Section within the Counterterrorism Division of the FBI, known as The Terrorist Financing Operations Section. For his visionary contributions, Mr. Lormel received numerous commendations and awards to include the Department of Justice, Criminal Division’s Award for Investigative Initiative and the Central Intelligence Agency’s George H. W. Bush Award for Excellence in Counterterrorism.

Over the last 12 years, Mr. Lormel has provided risk advisory consulting services. He is the founder and President of DML Associates, LLC. Mr. Lormel provides consulting services and training related to terrorist financing, money laundering, fraud, financial crimes, suspicious activity and due diligence. He also offers financial intelligence services through case studies and trend analysis. In addition, he served as an Advisor to the Congressional Anti-Terrorist Financing Task Force and was a contributing expert to The Counterterrorism Blog. Mr. Lormel was presented with the 2010 Association of Certified Anti-Money Laundering Specialists (ACAMS) Volunteer of the Year Award and currently serves as a member of the ACAMS Advisory Board.

For more information on Banker’s Toolbox, a leading provider of AML software and fraud prevention detection, visit bankerstoolbox.com.