The Future of KYC Compliance Podcast, Episode 15: Discussion with Jessica Davis, President, Insight Threat Intelligence
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Although it is true that some of the most well-established terrorist organisations tend to mirror organised crime and money laundering techniques, there are many misconceptions around the level of innovation, involved mechanisms and detectability of these activities.
Jessica Davis is the President of Insight Threat Intelligence and in today’s episode, she deep dives into the world of terrorist financing, what we are lacking to detect this type of crime, and how terrorist financing activities differ depending on where bad actors are operating.
Topics discussed in this episode:
How Jessica got into the world of CTF
Why AML gets more attention that CTF
How AML and CTF differ in terms of scope, mechanisms involved and detectability
Why Jessica wrote ‘Illicit Money Financing Terrorism in the Twenty First Century’
How terrorists manage, use and hide their illicit money
What trends she has seen evolve in terrorist financing
Terrorist’s real use of cryptocurrencies
What technologies the financial sector is leveraging to combat terrorist financing
What we need to know about insider threats
Other resources financial institutions can deploy to track terrorist financing.
