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Lormel terroristfinancing


Cost Free
Presentation Length 1.5 hours

Recorded DateFebruary 3, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaSpecialized Knowledge
Course LevelBasic
Course Description

Terrorism is a centuries-old problem that has evolved with time. Likewise, methods of terrorist financing have evolved with time and technology. From hawala to virtual currency, cash to bitcoin, funding mechanisms have evolved. The one constant is that terrorists require funds to sustain their operations, and they will take advantage of every funding source and mechanism they can reach to access finances. This compelling session will discuss various terrorist financing mechanisms and how they have evolved to facilitate terrorist operations. The session will also discuss funding sources and the funding streams terrorists use to sustain their operations.

Learning Objectives:

  • Identify and promote awareness of funding mechanisms used by terrorists

  • Identify and understand how funding mechanisms support terrorist operations

  • Determine how to disrupt terrorist financing mechanisms

Not logged

Mr. Lormel retired from the Federal Bureau of Investigation (FBI) in December 2003, having served 28 years as a Special Agent. During his distinguished career, Mr. Lormel amassed extensive significant case experience as a street agent, supervisor, and senior executive, particularly in the complex, document and labor-intensive financial related investigative matters. In December 2000, Mr. Lormel was promoted to Chief of the FBI’s Financial Crimes Program.  

Immediately following the terrorist attacks of September 2001, Mr. Lormel formulated, established, and directed the FBI’s comprehensive terrorist financing initiative. He developed and implemented a variety of proactive and progressive investigative methodologies. These efforts evolved into forming a formal Section within the Counterterrorism Division of the FBI, known as The Terrorist Financing Operations Section. This multi-agency, multi-disciplined entity attained international recognition as one of the world’s elite operations for tracking, investigating, and disrupting terrorist-related financial activity. For his visionary contributions, Mr. Lormel received numerous commendations and awards from the U.S. Department of Justice and the George H. W. Bush Award for Excellence in Counterterrorism from the Central Intelligence Agency.

Over the last 14 years, Mr. Lormel has served as the founder and President of DML Associates, LLC, where he provides consulting services and training related to terrorist financing, money laundering, fraud, financial crimes, suspicious activity, and due diligence.

About Our Presenter

DML Associates provides a wide range of independent consulting services to the financial, corporate, government and legal communities. Our mission is to assist our clients with advisory services that enable them to meet compliance obligations, make sound risk decisions, and maximize operational efficiencies.
Under the leadership of the principal, Dennis M. Lormel, DML Associates possesses the unique ability to provide credible and actionable financial intelligence in a timely manner utilizing a diverse and broad based network of subject matter experts. The quality of the information DML Associates provides enables and assists clients in making critical decisions to address a myriad of sensitive issues. DML Associates works closely with clients to recognize the nexus between fraud and money laundering, maximize compliance efficiencies, and minimize redundancies.