Officials from U.S. government agencies and executives of the world's largest financial institutions comprehend their critical role in preventing terrorist groups from raising funds and are working together to achieve that objective, but more needs to be done, according to a U.S. lawmaker.
FinCEN imposed a $2.8 million monetary penalty against a Californian-based card club, House lawmakers approved legislation that would block a planned deal between Boeing and Iran Air, and more, in this week's roundup.
Members of the House Judiciary Committee on Thursday considered legislation that would limit the extent to which U.S. law can shield foreign governments from civil complaints filed by American victims of terrorism.
A pair of civil complaints relying on a Colombian insurgent group's ties to Hezbollah could prompt a rise in similar lawsuits and related subpoenas sent to banks, according to legal experts.