U.S. Should Revamp Sanctions, Promote Info Sharing on Terror Financing: Think Tank

By Brian Monroe

The United States should revamp how it blacklists suspected terror financiers and better coordinate how financial institutions share data on terrorist financing, according to a report issued Monday. While efforts to stymie terror financing have made it more difficult for terrorists to abuse financial institutions, gaps in the controls are numerous, according to the report by the Washington Institute for Near East Policy. Many designated on economic sanctions lists have turned to family members and friends to circumvent restrictions, the report said. To improve the efficiency of those lists, United States should work to blacklist the aliases and front companies...