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GACO Webinar 10th October - Illicit Money Financing Terrorism in the Twenty First Century - What you need to know about Terrorist Financing

18 September 2023

In the complex world of financial crime prevention, understanding distinctions between Money Laundering and Terrorist Financing is essential. Join us for an enlightening training session that delves into the intricacies of these two illicit activities, exploring their similarities and differences.

Money Laundering, often associated with organized crime and corruption, is the process of disguising the origins of illicitly obtained funds. On the other hand, terrorist financing involves channelling resources to support acts of terror, posing a significant threat to global security. During this training, you will gain insights into the commonalities between both illicit activities, such as the utilization of financial institutions, shell companies, and digital currencies.

Discover the methods used by criminals and terrorists to exploit vulnerabilities in the financial system. However, it's equally crucial to understand the unique characteristics that set Money Laundering and Terrorist Financing apart. Uncover the red flags that guide your efforts to combat these threats, and learn how financial institutions and law enforcement agencies collaborate to detect and prevent both crimes.

About Geert Delrue

Geert graduated from the Catholic University of Leuven on August 29, 1982. He obtained his master’s degree in criminology. He started his career in 1985, as a detective inspector at the bureau criminal police, near the prosecutors’ office in Louvain, Belgium. He started at the financial department, where he conducted investigations in different financial crimes, including fraudulent bankruptcy, tax fraud, social fraud, embezzlement, and forgery. With the global reform of the Belgian police in 2001, he began to specialize more in money laundering, financing of terrorism, and tax fraud. In 2009, he got promoted to detective commissioner.

During his career, he published 24 police manuals for special types of financial investigations, in Dutch, French, and English. For example: ‘Vademecum for investigations related to financial and economic offences’, Criminal bankruptcy, Tax fraud, Forgery, Fraudulent organization of insolvency, Theft of inheritance goods, Swindle, and abuse of confidence. In 2014, he wrote a book on fighting Money Laundering, and Financing of Terrorism (in Dutch – 3rd edition, and in French – 2nd edition, 650 pages). In 2018, he rewrote his first book (2002) on financial investigations in Dutch: ‘Financieel rechercheren’ and in French ‘Rechercher en matière financière‘. His last publications were on Criminal Bankruptcy, in Dutch and French (released between 2019-2020).