The question that is uppermost is: will monetary policy still be tightened just enough to quell persisting inflation? Or will it turn out to be excessive and snuff out the global recovery? Already high frequency indicators suggest that global growth is losing steam in the first quarter of 2022 with the surge and ebb of Omicron.
The analysis of the Bali, Jakarta, Madrid, Turkey and London attacks shows that there are, at least, three alternative mechanisms for terrorist financing: use of non-profit organizations, alternative fund remittance systems, and crossborder transportation of currency. This means that, in most cases, action by financial institutions does not result directly from their detection of suspicious transactions.