Early chances to identify terrorists are missed due to inadequacies in UK data sharing laws, says study

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Early chances to identify terrorists are missed due to inadequacies in *** data sharing laws, says study

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There are inherent flaws in the U.K.’s ability to obtain and exchange information to detect ****** and terrorism financing, according to research from Cardiff University.

Published in the Journal of Business Law, academics examined the circumstances leading up to three ******* attacks in the U.K., analyzing publicly available documents to demonstrate weaknesses in how suspected ****** and terrorism funding is followed up.

Academics say the research challenges the conclusions and findings of the Financial Action Task Force review of the U.K.’s level of compliance with its data sharing recommendations.

Lead author Professor Nicholas Ryder, based at Cardiff University’s School of Law and Politics, said, “****** is the funding mechanism of choice for terrorism financiers; it is convenient, low key and frequently avoids detection. Our findings show that the U.K. is not compliant with international standards relating to the reporting and sharing of vital information.

“****** strategy and counter-terrorism laws currently work in isolation, with each not referencing the other. U.K. ****** strategy and counter-terrorism laws must therefore be more closely aligned as a matter of urgency.”

Key findings from the paper show:

• In 1995, HMRC connected several suspected frauds with Shahzad Tanweer, one of the July 2005 terrorists, but this information was not disclosed to the Financial Intelligence Unit or the *** Security and Intelligence Service. The group linked to Tanweer gained approximately £8bn from VAT and benefit frauds, of which it sent “1% of its gains, or £80m to al-Qaeda.”
• In order to commit the ********** ******* in the Manchester Arena in 2017, Salman Abedi used student loans and his maintenance grant. Researchers note that the Money Laundering Regulations do not apply to higher education institutions (HEIs), only the regulated sector, and HEIs have a limited legal obligation to report any suspicions of ****** or terrorism financing to the National ****** Agency.
• One of the terrorists involved in the attacks on London Bridge in June, 2017, Khuram *****, was investigated and arrested on suspicion of falsely reporting fraudulent activity (£3,300) on three bank accounts in October 2016. But a decision was made not to prosecute him for these initial offenses.

Researchers have made a number of recommendations for reform, which include amending the ****** Act 2006 to introduce an obligation to report ****** for the regulated sector, adopting the same model as money laundering and terrorism financing.

They say HEIs should also become part of the regulated sector for the purposes of anti-money laundering and counter terrorism ****** legislation. This, they say, would explicitly task HEIs with an obligation to submit SARS, providing valuable financial intelligence to initiate or support terrorism financing investigations.

The paper also makes a series of recommendations to reform the Commissioners for Revenue and Customs Act 2005, which includes “requiring” HMRC to disclose rather than “permit” disclosure where HMRC employees suspect they are in in possession of information that reveals money laundering or terrorism.

Professor Ryder added, “There are a number of weaknesses within the U.K.’s counter ****** strategy that need to be addressed.

“The law around ****** must be brought in line with other more serious offenses, so that ********* investigators are given the whole picture and can act on that information at the earliest opportunity. We hope U.K. Government will act upon our recommendations.”

More information:
To exchange or not to exchange—that is the question. A critical analysis of the use of financial intelligence and the exchange of information in the ******* Kingdom.

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Early chances to identify terrorists are missed due to inadequacies in *** data sharing laws, says study (2024, April 23)
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