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Weekly Roundup: Feds Investigate Hawala Network Tied to Times Square Bomber, OFAC Says Delay on EU Data Sharing Stalls Investigations, and More
printThe informal money transfer system known as hawala made news in two ongoing cases this week. On Friday, the Associated Press reported that the U.S. Justice Department's arrest of three Pakistani men on immigration charges Thursday is part of a broader probe into whether the men knowingly helped send money to Faisal Shahzad, the Pakistani-American man who attempted to detonate a car bomb in Times Square. The three Pakistani men-two residing in the Boston area and one in Maine-provided Shahzad with funds as part of a hawala transfer but may have been unaware that he was planning a terrorist attack,...
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