British officials are asking lawmakers to strengthen an agency's oversight of charities in England and Wales in response to terrorism financiers, including bolstering governmental authority to dismiss trustees.
Despite a legal settlement reversing sanctions against an Ohio-based charity, most banks will view the individuals once associated with the group as too risky to take on as clients, say compliance officers.
In the years since a high-profile mistrial in the prosecution of a Texas charity, counterterrorism financing officials have shifted their focus away from nongovernmental organizations and toward individuals sending money abroad.
The European Commission sets a two month deadline for Germany to fully comply with the Third Money Laundering Directive, a secret report is leaked connecting an Islamic political group and al-Qaida, and more, in this week's roundup.
The Supreme Court on Monday upheld a federal law barring "material support" of foreign terrorist groups, dismissing a lawsuit that asserted the rule was so broad that it curtailed constitutional rights of free speech and association.
Any plans to return frozen assets to donors who unwittingly contributed the money to charities tied to terrorist organizations would likely face stiff legal resistance, a government official said Wednesday.
A recent court ruling that disallowed the freezing of an Islamic charity's assets could signal a major change in how the United States sanctions suspected terrorist financiers, say former investigators.
A network of U.S.-based rabbis used charities to wash "at least" tens of millions of dollars of dirty money in exchange for ten percent commissions, federal investigators said Thursday.
Two rulings in the case of an Ohio-based Muslim charity fighting a terrorism designation could tighten the timeframe federal prosecutors have for collecting evidence, say terrorist financing analysts.
The use of charities to evade taxes is "serious and increasing," robbing some countries of hundreds of millions of dollars per year, according to a European economic policy group.
A Muslim charity and its five directors are guilty of funneling at least $12 million to a Palestinian terror group, a jury said Monday, granting the United States a major victory in an expensive retrial.
Federal prosecutors are likely to simplify their case against a Texas-based charity facing a retrial for purportedly sending over $12 million to a Palestinian terror group, say terror finance analysts.
A group of 90 American, Israeli and Canadian citizens are suing American Express Bank and Lebanese Canadian Bank for $650 million, alleging the institutions provided financial services to blacklisted terror group Hizbollah.
Plaintiffs charge in the lawsuit that Switzerland-based UBS knowingly provided financial services for Hamas, a Palestinian political organization blacklisted in the U.S. for terrorism since 1995. The group is purportedly responsible for 2004 bombing in Bethlehem that resulted in 11 deaths.
A former U.S. Congressman took illegal payments from a Muslim charity accused of sending more than $130,000 to a terrorist with ties to al-Qaida and the Taliban, federal prosecutors say.
The head of Spinka, an Orthodox Jewish group based in New York, was charged on December 18 with money laundering and mail fraud for his role in a multimillion-dollar tax fraud case, according to court documents.
A World Bank study shows that financial institutions don't have enough resources to uncover transaction patterns for charities that would suggest links to terrorists.
Federal prosecutors failed to win a conviction against the leaders of Holy Land Foundation for Relief and Development, who were accused of financing terrorists.
With the leak of CIA reports and other government documents on possible terrorist ties to Saudi-based Al Rajhi Bank, regulators "will fully expect" financial institutions to modify their risk assessment of the bank, compliance professionals say.
Charities avoid detection by funneling money through intermediaries not included on government watch lists, making it more difficult for banks to identify terrorist links.