RECENT $200m PAYMENT TO HEZBOLLAH SHOWS US THAT NOBODY IS TEACHING TERRORIST FINANCING TRADECRAFT ANY MORE

Iran recently sent two hundred million dollars to Hezbollah. How on earth did this happen? A quarter of a century after 9/11, I see zero compliance training incorporating Terrorist Financing Tradecraft, the specific methods and tactics money launderers employed by designated terrorist organizations use to clean and move the millions of dollars that their clients need to. pursue their amoral goals. I realize that there are no direct threats and attacks in Europe and North America, like we sought to protect against after the events of 2001, 203 & 2005, but a whole new generation of compliance officers have come of age, been educated, and arrived on the scene, who never experienced that fear and loathing, and they are now training the next generation of frontline compliance staff, passing quickly over what I regard as critical tradecraft, in favor of traditional AML techniques. 

Ladies & gentlemen, reach back into your old files, dust off the terrorist financing tradecraft, update it and pass it down to the current generation of trainers and lecture speakers, so that they will recognize such topics as terrorist financing through charitable organizations, international trade transactions, the use of barter methods, the artful use of disinformation by terrorist laundrymen, and the dozen or so other important subjects where laundrymen for terrorist organizations ply their dark trade. Teach them well, lest they find out their bank facilitated the movement of two hundred millions dollars in 2027.