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Law Enforcement Tips Help Banks Uncover New Terrorist-Financing Networks: Sources

By Daniel Bethencourt

U.S. financial institutions are peeling away at complex networks of terrorist financiers thanks to increasingly specific tips from investigators, three senior FBI officials and three senior compliance officers said. Federal law enforcement over the past two years has regularly provided anti-money laundering staff at large financial institutions more details on individuals and entities suspected of ties to terrorism, the sources said, and banks have responded by running fresh analyses of large volumes of wire transfers to link certain clients who previously appeared to operate independently. A compliance officer for a regional bank on the East Coast told ACAMS moneylaundering.com that...

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