Abstract: How Money Moves: A Threat to Public Security?
Leslie W. Kennedy, Director, Rutgers Center for the Study of Public Security
Rutgers Center for the Study of Public Security and the Prudential Business Ethics Center at Rutgers Business School are co-sponsoring this symposium on September 22, 2004 at Rutgers Newark.
Since the events of September 11, 2001, heightened security measures have prompted greater scrutiny of terrorist financing, in particular, the movement of funds through regulated institutions, informal systems, and illegal means. While federal laws and regulations existed prior to 9/11 requiring banks and other financial institutions to file Suspicious Activity Reports (SARS), these requirements have been increased and extended to others through the USA Patriot Act including credit card companies, securities industry, realtors, travel agencies, retailers selling boats, cars and planes, and casinos. Our goals are: 1) to convene experts, the regulated community, and law enforcement and other policy-makers to explain how terrorists move money in order to improve monitoring and detection activities by the regulated community without increasing costs; 2) to provide a neutral forum for the discussion of the issues surrounding whether SARS and other efforts are helping to stem the flow of funds to terrorist groups; 3) as a result of the conference, to develop a research agenda to further explore and investigate these issues with the regulators and regulated. This conference seeks to address these questions: · How can the regulated community enhance its ability to monitor and detect flows of funds?
"How the Money Moves--a Threat to Public Security?" Report (in MS Word format)
For additional information and to register, please contact Alison Sherley at asherley@pegasus.rutgers.edu