News

Speaking at the annual meeting of the American Bankers Association/American Bar Association Money Laundering Conference in Washington, D.C., David Cohen, Assistant Secretary for Terrorist Financing at the U.S. Treasury discussed his department's efforts to halt the financing of terrorism by individual donors operating inside the country. While crediting financial sanctions with stemming funding for Al Qaeda, Cohen, said that the Taliban 'was in much stronger financial shape than al Qaeda,' because of income from extorting poppy farmers and drug traffickers, as well as streams of 'protection' money from legitimate Afghan businesses. Cohen, who helped author the Treasury Department's anti-money laundering...