News

Home to Europe's second-largest port, the world's largest diamond trading center, and the largest per-capita contingent of foreign fighters found among the ranks of the Islamic State group in Syria, Belgium faces a unique and onerous challenge in staunching illicit financial flows. National authorities now suspect that Belgian residents sympathetic to jihadists have begun channeling their funds through France and other neighboring countries amid closer government scrutiny of local Muslim organizations and charities. In an interview with ACAMS moneylaundering.com reporter Gabriel Vedrenne, Philippe de Koster, president of Belgium's financial intelligence unit, CTIF, discussed the agency's efforts to target terrorists' funds...