Continuing March 2026 short-term course on “European Experience with the Fight against Financing of Terrorism in Different Industries”, students learned about the mechanisms that criminals use to launder money and finance terrorism – and how institutions can stop them.
Ing. Drahomíra Kubelová, a compliance expert, presented a lecture on Anti-Money Laundering and Counter-Terrorist Financing frameworks. Students explored how “dirty” money is scrubbed of criminal origins through tactics including smurfing and exploitation of bank loan structures. The lecture examined threats in digital finance, and the use of stablecoins and unhosted crypto wallets in modern illicit operations.
Participants found out about Financial Action Task Force as the global regulatory authority establishing international standards and monitoring high-risk jurisdictions. Analysis of major 2025 regulatory fines revealed that cryptocurrency and banking sectors faced the heaviest penalties for systemic compliance failures, emphasizing the consequences of inadequate controls.
The lecture covered the Customer Due Diligence requirements, mandatory screening of Politically Exposed Persons and suspicious activity reporting obligations. Students also examined Uzbekistan’s legal landscape and the use of financial oversight to combat environmental crimes – connecting AML frameworks with sustainability goals.
