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Hawalas and Cell Phones Used More Frequently to Finance Terror, Says Former 9/11 Investigator
printU.S. banks have spent a lot of time and money since the terrorist attacks of September 2001 upgrading their anti-crime controls, but they are still confused about how to know terrorist financing when they see it, believes Michael Jacobson, a senior fellow at the Washington Instititute for Near East Policy, a think tank. And to compound that problem, terrorist financiers are turning to new means of transactions, including mobile remittances, that will be harder for law enforcement agents and financial compliance officers to detect quickly, said Jacobson, who previously served as senior advisor in the U.S. Treasury Department's Office of...
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