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.
In the years since a high-profile mistrial in the prosecution of a Texas charity, counterterrorism financing officials have shifted their focus away from nongovernmental organizations and toward individuals sending money abroad.
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.
Too few law enforcement agents have a good grasp of the potential ties between money laundering and terrorist financing, according to John Cassara, a former case officer for the Central Intelligence Agency who investigated terrorism.
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 Saudi Arabian bank is challenging the United States' right to subpoena a Saudi national's financial records after the bank's regulator said that compliance with the order would violate privacy laws.
The Senate Judiciary Committee Thursday unanimously passed a bill designed to collect billions of dollars in lost state tax revenue and block terror financiers from profiting from black market cigarettes.
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.
A federal ruling that equates making contributions to non-violent affiliates of terror organizations with aiding terrorist acts could mean a wave of lawsuits for charities and banks, say analysts.
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.
A program aimed at assuring donors that their donations to Muslim charities will not be handed over to terrorists is unlikely to offer any protections to banks, say terrorism consultants and former regulators.
A former U.S. Congressman took illegal payments from a Muslim charity accused of sending more than $130,000 to a terrorist with ties to al-Qaida and the Taliban, federal prosecutors say.
The head of Spinka, an Orthodox Jewish group based in New York, was charged on December 18 with money laundering and mail fraud for his role in a multimillion-dollar tax fraud case, according to court documents.
A World Bank study shows that financial institutions don't have enough resources to uncover transaction patterns for charities that would suggest links to terrorists.
Federal prosecutors failed to win a conviction against the leaders of Holy Land Foundation for Relief and Development, who were accused of financing terrorists.