Saudi Arabia’s new Islamic Military Counter Terrorism Coalition has been hailed as an historic organisation which will not only serve a military purpose but also take the ideological fight against those who use terror in the name of Islam.
The illegal wildlife trade (IWT) is estimated to generate up to $23 billion per annum globally in illicit profits. Remarkably, it is still being treated as a wildlife crime rather than a form of organised crime, ignoring the financial dimension. A financial approach to tackling IWT is urgently needed.
As the threat from Islamic State evolves, security responses must too. Financial intelligence must continue to play a critical role in identifying and disrupting new threats, in investigating foreign terrorist fighters and prosecuting their supporters.
The EU reached a deal with Mali earlier this month for the return of asylum seekers from Europe and to tackle the local ‘root causes of immigration’. However, the deal will only work if internal security in Mali is supported. And there, the story is less than encouraging.
New approaches are needed to address Nigeria’s massive corruption problem. Engaging the banking sector, the key facilitator of the theft of the nation’s wealth in this struggle, should be an urgent priority.