London – A man wielding two knifes killed 4 people and injuring 40 others before being shot dead by officers. Prime Minister Theresa May condemned this act as a “sick and depraved terrorist attack”
The act happened on London’s Westminster Bridge where the assailant drove a car into pedestrians before stabbing a police officer inside the Parliament.
The assailant was reported to conduct this act with two knifes and a car. While the knifes may be easily obtained, a car requires administrative work and a certain level of funding to be obtained. Assuming that the car is not stolen, funds must be obtained from a source to finance the car. These funds can be obtained legally, for example, the assailant’s own salary, which is why terrorist financing is harder to track compared to money laundering.
The role of a Financial Crime Officer is now more important than ever, as they are the first level of defence in alerting their authorities for any suspicious activity in a potential account that may be used for money laundering or terrorist activity. The London Attack proves that a terrorist does not need a substantial amount of money to create serious casualties and inducing panic to members of the public around the world.