Web Intelligence, As the number of hate groups in the US and Europe rose to its highest in 20 years, White supremacist groups have once again risen to mainstream politics and have garnered the attention of anti-money laundering (AML) and Counter Financing of Terrorism (CFT) agencies.
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Since the September 11, 2001 attacks, agencies involved in Combating the Financing of Terrorism (CFT) have focused their efforts against Islamic extremist groups. But in recent years, a rise in White Supremacist Extremist (WSE)-related violence has triggered a new focus, with concerns mounting as to how these increasingly organized groups exploit financial institutions to raise funds.
In April 2020, the US designated a Russian far-right group-Russian Imperial Movement (RIM) as a foreign terrorist organization, blocking the group’s leaders and any assets from the United States. It marks the first time that a far-right group has been given the terrorist-group label by the US.
While RIM is based in Russia, it has fought alongside Russian mercenaries in Syria and Libya, carried out deadly attacks in Europe, and has provided advanced military training and indoctrination to Neo-Nazis from across the world, including the United States.
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