The recent revelation that an alleged Oregon terrorist financier held funds in three separate bank accounts opened by attorneys underscores a potential reputational risk for banks, say analysts.
The release of hundreds of U.S. State Department cables as part of a massive leak of sensitive diplomatic communiqués is likely to prompt bank compliance departments to tweak risk rankings.
Bank of America failed to investigate $160 billion in suspicious transactions used to perpetrate an alleged $20 billion fraud by a wealthy Saudi Arabian businessman, a congressional witness said Tuesday.
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.
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.
Holy Land Foundation for Relief and Development funneled $36 million to Hamas to help overthrow Israel, federal prosecutors say.
A Muslim charity alleged to finance terrorist activities has sued three U.S. government departments in an unprecedented legal action.