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.
Recent political turmoil and ever-rising regulatory expectations for banks have made it significantly tougher for British charities to send financial aid abroad, according to a survey.
In the strange and often obscure world of terrorist financing, an account's lack of transactional activity seems an unlikely red flag for anti-money laundering compliance officers.
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.
American sanctions, terrorist financing prosecutions and rising related compliance costs have made it increasingly difficult for Somalia's U.S.-based community to move money to the African nation.
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.
A Portland, OR-based charity used small money services businesses, false invoices and Swiss bank accounts to funnel $1.8 million to Iran in violation of U.S. sanctions, according to federal prosecutors.
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.
A federal court sentenced the five leaders of an Islamic charity to a total of 180 years in prison Wednesday for funneling $12 million to a blacklisted Palestinian terrorist group.
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.
The president of a New York-based charity under investigation for ties to a blacklisted Iranian bank was arrested Friday after allegedly trying to destroy evidentiary documents he was ordered to produce.
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.
A London-based bank has forced the closure of accounts for an Islamic charity it believes has ties to Hamas, a Palestinian organization sanctioned internationally for terrorism, the charity disclosed this week.
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.
Federal prosecutors failed to win a conviction against the leaders of Holy Land Foundation for Relief and Development, who were accused of financing terrorists.
Holy Land Foundation for Relief and Development funneled $36 million to Hamas to help overthrow Israel, federal prosecutors say.