Federal lawmakers in a hearing Wednesday for the first time debated whether current measures for tracking the finances of foreign terrorists could be used against homegrown extremists following a spate of deadly attacks by ideologically motivated U.S. nationals. Expanding the use of financial intelligence, asset freezes and sanctions to more thoroughly cover funds associated with violent domestic terrorism were among the ideas that members of the House Financial Services Subcommittee on National Security discussed in the hearing, which was chaired by Rep. Emanuel Cleaver (D-MO). Legislation introduced by Rep. Jennifer Wexton (D-VA) in November would task the Treasury Department's Financial...
The recent rise in racially, religiously and politically motivated mass killings in the United States has challenged compliance professionals to flag and investigate transactions tied to the alleged perpetrators more promptly.
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