Terrorist Financing in West Africa
The Inter Governmental Action Group against Money Laundering in West Africa (GIABA) and the FATF collaborated on a typologies research project to identify the methods used by terrorists, terrorist groups, and their supporters in the West African region to collect, transfer and utilise funds.
The project team used data provided by experts based in five West African countries where there have been serious and frequent incidences of terrorism: Burkino Faso, Mali, Niger, Nigeria and Senegal.
The report provides case studies, from which key indicators and red flags have been generated. Based on these case studies, the research project identified four main categories of typologies of methods and techniques used by West African terrorist and terrorist groups to support terrorist activities:
Some of the main conclusions from the report are:
Based on these findings, the report provides Recommendations to West African countries and regional/international authorities and development partners to improve their AML/CFT efforts.
The report aims to help policymakers, regulatory and enforcement authorities as well as reporting entities to gain a better understanding of the nature and dynamics of terrorist financing in the West African region.
FINANCIAMENTO DO TERRORISMO NA ÁFRICA OCIDENTAL
Translation of the FATF report Terrorist Financing in West Africa. This translation is provided by the Inter Governmental Action Group against Money Laundering in West Africa (GIABA).