Breakout 3: Lone-Wolf and Small-Scale Terror Attacks – Detecting and Disrupting an Evolving Terrorist Financing Risk
How is the Lone Wolf affecting how we detect and fight financial crime today? Even as ISIS loses territory and suffers military defeats, mainstay terrorist organizations continue to focus their efforts on cultivating and supporting individuals and small groups in “lone-wolf” terror attacks. With radicalization possible through social media and online communications, ISIS is not the only extremist group to adopt such tactics. This session examines the financing of such individual and small-cell attacks, providing insight on the funding patterns and techniques connected to lone wolf attacks. It also explores the very real challenges associated with detecting these types of attacks, and provides recommendations for areas of improvement in both the financial sector and law enforcement.