News
Legal Reprieve for Ohio Charity Unlikely to Ease Compliance Concerns
By Colby Adams
printDespite 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. Under a November agreement disclosed earlier this month, the U.S. Treasury Department lifted provisional sanctions against KindHearts for Charitable Human Development. The settlement marked a quiet about-face for U.S. officials, who accused the Toledo charity in 2006 of funneling money to blacklisted Palestinian group Hamas. Although KindHearts was never formally charged with any crime, little may change in how financial institutions treat the individuals who once ran it,...
TO READ THE FULL STORY
Related News
The U.S. Treasury Department lifted sanctions from a British resident whose conviction more than 20 years ago on charges of attempting to transport nuclear triggers to Iraq was quashed by an English court.
A federal appeals court could rule within weeks on whether an exiled Iranian opposition group should be removed from a sanctions list maintained by the U.S. State Department.
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.
A Muslim charity appeals its terrorist financing conviction, U.S. and Canada sign MOU to strengthen money laundering and counterterrorist financing efforts and more, in this week's roundup.
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.
At least two cases making their way through U.S. federal courts are challenging the U.S. Treasury Department's power to sanction individuals and organizations.
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.
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.
Federal prosecutors failed to win a conviction against the leaders of Holy Land Foundation for Relief and Development, who were accused of financing terrorists.
The U.S. Treasury Department has blocked the U.S. accounts of KindHearts, a Hamas-affiliated charity allegedly created to replace Holy Land Foundation and Global Relief Foundation two charities accused of serving as terrorist fronts shortly after 9/11.