News

US House Lawmakers Seek Renewal of Counterterrorist Financing Panel

By Valentina Pasquali

A pair of U.S. lawmakers will soon push for the congressional counterterrorism panel they lead to be reauthorized for another six months to consider whether additional legislation is required to choke off funds to Islamic State and other blacklisted groups. Reps. Robert Pittenger (R-NC) and Stephen Lynch (D-MA), the vice chairman and ranking member of the House Financial Services Committee's Task Force to Investigate Terrorism Financing, respectively, will begin arguing in favor of a third term for the panel shortly after Congress reconvenes in January, their spokespersons told ACAMS moneylaundering.com. In August, the U.S. House of Representatives approved a bevy...

TO READ THE FULL STORY