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.
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.
The global fight against money laundering and financial crime continues unabated, albeit in different and often surprising forms and locations, as three disparate recent events have indicated. And cash, in the form of high-denomination bank notes, is being targeted.
Inês Sofia de Oliveira, Tom Keatinge and Alexandra Stickings
Counter-financial crime measures have been conservative and self-restrictive for long enough. It is time to redesign the anti-money laundering and counter-terrorist financing system to get better results.