FATF: ETHNICALLY OR RACIALLY MOTIVATED TERRORISM FINANCING

On 30 June, FATF published a report which focuses on the funding behind ethnically or racially motivated terrorism, also referred to as extreme right-wing terrorism.  Extreme right-wing attacks have increased in recent years, highlighting the need to raise awareness about this complex phenomenon and its financing.  It says that while most of these attacks were carried out by self-funded lone actors, but they can also involve small and medium organisations, as well as transnational extreme right-wing movements.  Few countries have so far designated these groups or individuals as terrorists and there are differences in the countries’ legal regimes to addressing their activities.  Extreme right-wing groups can obtain funding from criminal activity, but most funding comes from legal sources, such as donations, membership fees and commercial activities.  The report encourages countries to continue to develop their understanding of this increasingly transnational criminal activity. 

http://www.fatf-gafi.org/media/fatf/documents/reports/Ethnically-or-racially-motivated-terrorism-financing.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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