UK's Terrorism Act 2000 - How to comply?
Get in-depth knowledge of the UK Terrorism Act 2000 and how it helps the UK to combat terrorism, money laundering, and terrorist funding.
About Us
The Global Terrorism Database defines terrorism as “the use of illegal force and violence by a non-state entity to attain a political, economic, religious, or social goal through fear, coercion, or intimidation.”
Under the UK Law, terrorism is defined as an act that involves serious violence against a person, damage to property, threat to life, or a design to interfere or disrupt an electronic system, thus creating fear in people to achieve political or social objectives.
Terrorists require money to operate and to procure equipment, weapons and supplies. Such terrorist activities are mostly funded by illegally-gained money and money made legal through laundering. Money service businesses are usually targeted by these institutions for transferring funds towards such illegal activities across the globe.
It is very important to be able to discern such activities and to report them to the authorities. There are laws in the UK that can hold MSBs accountable for such illegal activities. Therefore, it becomes extremely important for everyone associated with the money service business to be aware of the ways that terrorists may misuse their services and how to report them to the authorities.
It is also important to be aware of the laws restricting terrorist funding in the UK and the ways to identify money laundering activities. In the course titled “Terrorism Financing”, we are going to focus on international terrorism and terrorism in the UK. The effect of money laundering on MSB and the acts and regulations in the UK to combat terrorism, money laundering, and terrorist funding laying emphasis on the importance of transaction monitoring and suspicious activity reporting
Course curriculum
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Chapter 1 - Terrorism and UK
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Chapter 2 - Combating Terrorism
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About this course
- £29.00
- 2 lessons