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.
The Financial Action Task Force threatened Friday to suspend Turkey's membership if the country fails to pass counterterrorist financing laws ahead of a Feb. 22 meeting by the group.
U.S. officials have launched a criminal investigation after linking data seized at Osama bin Laden's compound in Abbottabad, Pakistan to a Bank Secrecy Act report, counterterrorism investigators said Monday.
The United States is ramping up pressure against Kuwait and Qatar, two nations with a poor record in rooting out terror financiers, current and former government officials said Thursday.
Less than two years after U.S. diplomats mentioned concerns that Qatar's terrorist financing problems may be "the worst in the region," the country has done little to effectively limit the crime, say experts.
Last year's failed Times Square car bombing has been the chief impetus behind a recent U.S. Treasury Department's initiative to identify unregistered money services businesses and hawala networks, according to sources.
The disclosure that Saudi Arabia has become one of the world's largest sources of terrorist financing has raised questions about the willingness of intergovernmental groups to clamp down on nations with strong international alliances.
A counterterrorism financing bill under consideration by Pakistani lawmakers may do little to staunch money flows in the region that end up in the hands of terror groups, say analysts.
Ukraine's legal efforts to curb the funding of terrorism, including the prosecutions of terror financiers, fall short of international standards, a European anti-money laundering watchdog group said Monday.
Following the money trail that led to the November Mumbai attacks is likely to prove an arduous task for investigators, in part because the attackers had a limited footprint in the city, say analysts.
Haiti, a major transit hub for drugs in the Americas, hasn't effectively implemented anti-money laundering regulations that went into effect seven years ago, and has yet to criminalize terrorist financing, a watchdog group said.
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.
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.