As we approach twenty five years since the events of 9/11, and as time moves on from 3/11 and 7/7, terrorist financing seems to move into the background in the world of compliance, even though Hamas funding through Canada and Malta, as well as Iran's payments to Hezbollah flow through Iraq and Turkey, remain in the news in 2025. If the Global War on Terrorism. declared by President George Bush is not a hot topic any longer, terrorist financing continues with impunity.
Additionally, with the passage of time, younger compliance officers, who were not working professionals on 9/11, do not have the life experiences from that period, when Countering the Financing of Terrorism was a central concern. Perhaps it is time to remind everyone to continue to be vigilant, as terrorist financing remains a threat, and is alive and well. Let this be a reminder this holiday season to give terrorist financing the same amount of concern that you give to money laundering and fraud.
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