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. This lack of knowledge persists even as some financial crimes tied to laundering and terrorism have worsened in recent years, he said. But the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has done little outreach to date to better train investigators, said Cassara, a veteran of the agency who also worked for the department's Office of Terrorism and Financial Intelligence. Cassara, whose new book...
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 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.
Richard Gordon, an associate professor at Case Western University and the U.S. Director of the Canada-United States Law Institute, spoke with reporter Larissa Bernardes about the difficulties banks have in detecting terrorist financing.
Last year, depository institutions filed 687 suspicious activity reports citing possible terrorist financing, according to Financial Crimes Enforcement Network data. That represents a 7 percent decline from 2006.