In an interview with ACAMS moneylaundering.com reporter Gabriel Vedrenne, Philippe de Koster, president of Belgium's financial intelligence unit, CTIF, discussed the agency's efforts to target terrorists' funds and seize assets from drug traffickers.
Islamic State financiers increasingly rely on correspondent ties between U.S. and overseas banks to transfer funds and acquire supplies following a string of military defeats in Iraq and Syria, an FBI section chief warned bankers Tuesday.
A recently blacklisted Afghan charity used mainstream financial institutions to funnel funds to members of the Islamic State group's affiliate in Afghanistan and Pakistan, according to U.S. officials.