Wolfsberg Group 2002 he Suppression of the Financing of Terrorism,

Question 1

What are the recommendations by Wolfsberg Group in the Suppression of the Financing of
Terrorism Part-1

Answer 1

1 Providing official lists of suspected terrorists

2. Including adequate information in the lists to help institutions search customer databases
3. Providing prompt feedback to institutions following circulation of the official lists.
4. Providing information on the manner, means and methods used by terrorists.

Question 2

What are the recommendations by Wolfsberg Group in the Suppression of the Financing of
Terrorism Part-2

Answer 2

Protecting financial institutions with safe harbor immunity to encourage them to share infor-
mation and to report to authorities.

Developing uniform global formats for funds transfers that assist in the detection of terrorism
financing.

Developing government guidelines for business sectors and activities identified as high-risk for
terrorism financing.

Question 3

When did The Suppression of the Financing of

Terrorism was issued

Answer 3

2002