France will seek to implement the European Union's latest anti-money laundering directive by September, nine months ahead of a mandated deadline, according to a French official.
Among the many challenges of identifying terrorist funds is the fact that they can be hidden in plain sight, according to Colin P. Clarke, an associate political scientist at the RAND Corporation who studies the subject.
EU finance ministers broadly endorsed a French plan to tackle terrorist financing ahead of the expected issuance in the coming weeks of related regulatory proposals by the European Commission.
U.S. financial institutions have identified funds potentially linked to last week's terrorist attacks in Paris, according to a top counterterrorism investigator with the FBI.