AMLTHINK Academy

CFT: Analytical Techniques to Find the Needle in the Haystack

What analytical methods can be used in the fight against terrorist financing. What proactive steps can reporting parties take to identify terrorist financing?

Live sessions
Virtual class

Advanced

Live: 1 day
Virtual: 2x3 hrs

AMLTHINK ACADEMY

Who Should Attend?

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Instructor

Inonu Akgun ALP

Inonu Akgun ALP

Founder, CEO, AMLTHINK

Having started his professional life at MASAK (FIU of Turkey) in 1999, ALP has held various positions at the FIU for 20 years. 

He prepared the AML compliance report given to financial institutions annually and reported the deficiencies to the financial institutions by performing the quantitative and qualitative measurement of the financial institutions' suspicious transaction reports with the scoring system.

He played a role as AML team leader in an EU project. During his professional career, he participated in numerous international conferences and meetings.

During his Department Head position at MASAK in 2014 and 2015, he managed and mentored the establishment of MASAK information security infrastructure and obtaining ISO 27001 certification, the establishment of the e-notification system, development of Integrated Financial Intelligence System (EMIS) providing electronic communication and e- SAR system with obligated parties, issuance of AML Compliance Scorecards for financial institutions on annual basis.

Between 2015-2020, he served as Vice President of the FIU and managed the Analysis, Sanctions, and IT departments. During this period, he carried out automation of analytical processes related to money laundering and terrorist financing, harmonization of AML scenarios of financial institutions, the establishment of the infrastructure of standard information flow from financial institutions, and the preparation of sectoral SAR guidelines. He left the public service in 2021 at his own request.

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Course Content

1

INTRODUCTION and KEY CONCEPTS

- Terror
- Terrorism financing
- Financing of a terrorist

2

FINANCING RESOURCES OF TERROR

- Traditional methods
- Emerging methods

3

FINANCING OF TERRORISM: TYPES of RESOURCES

- Financing with legal resources: Money Dirtying
- Financing with illegal resources

4

FINANCING CHANNELS OF TERROR

- Cash transactions
- Financial institution transfers
- Financial institution products
- Hawala

5

CHALLENGES TO DETERMINE THE FINANCING OF TERROR

- Difficulty of identifying casual connection
- Low amounts of transactions
- Possibility of financing with legal resources
- Frequency of low profile customers
- Possibility of non-sanctioned persons
- Short time constraints

6

METHODS OF PREVENTING AND DETECTING THE FINANCING OF TERRORISM

- Information sharing
- Risk based approach
- Network analysis
- Cluster analysis
- Patterns

7

ANALYTICAL TECHNIQUES TO FIND THE NEEDLE IN THE HAYSTACK

- Profile concentration / clustering
- Profile mismatches
- Individual profile mismatches
- Incompatibility of the profile with the field of activity / profession
- Regional risks
- Business / profession risks
- Importance of transaction descriptions

8

FREQUENTLY USED METHODS AND RED FLAGS

- Behavioral indicators
- Transactional indicators

9

AML SCENARIO OPTIMIZATION

- The importance of AML scenarios
- Fundamentals of risk-based approach in optimization
- Optimization frequency and stages
- Key points to be considered

10

SYSTEMATIC DETECTION SUGGESTIONS: MACHINE LEARNING and ANOMALY DETECTION

11

CASE STUDIES

- Case Study-1: Terrorist financing
- Case Study-2: Cost of non-compliance
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Frequently Asked Questions

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