Boston, Charlie Hebdo, Bataclan, Sharm ElCheik, San Bernardino … Facing an unprecedented wave of Islamist terrorism, modern society is confronted with a new public enemy who is both invisible and ubiquitous.
But Western society and especially Europe has experienced several episodes of terrorism since the end of World War II . The actions of the Red Brigade in Italy or those of the Irish Republican Army in Great Britain are still living memories in the collective unconscious.
Critical to countering these attacks from a banking compliance perspective, however, is rethinking the focus on large or even unusual transaction patterns for a broad populace of customers and, rather, creating smaller clusters of customers that will get extra scrutiny regardless of obvious transaction patterns.
In this webinar Dr Marius-Cristian Frunza discusses how the new wave of terror is being supported through a dedicated economy.
Dr Marius-Cristian Frunza
Marius-Cristian Frunza is a director with Schwarzthal Kapital, a financial advisory and research company. He is regularly called upon as an expert witness in litigious disputes, specialising in financial crime. He is also an associate professor of finance with Dauphine University. Previously, he worked as a broker in the energy markets for a commodity broker. He has also a consulting experience working with investment banks and asset managers specialising in risk management, derivative pricing and hedging. He holds a PhD in mathematical finance from the Sorbonne University, Paris.