News

Brussels Attackers Transferred Money Between Prepaid Cards: FIU Chief

By Colby Adams

Members of the terrorist cells that killed 164 victims in two attacks in Paris and Brussels transferred funds between prepaid debit cards to avoid detection by law enforcement, a Belgian official said Thursday. In a joint briefing, Philippe de Koster, the head of Belgium's financial intelligence unit, told officials from the Financial Action Task Force, also known as FATF, and the U.N. that the attacks, both of which have been claimed by the Islamic State group, were perpetrated entirely without financing from the Iraq and Syria-based group and facilitated in part by the undetected movement of prepaid value. Members of...

TO READ THE FULL STORY
Subscribe Learn More