The US Treasury recently added two Qatari nationals to its list of terror financiers and called attention to lax attitude of the Qatari authorities toward such fundraising groups operating in the Gulf State.
After 9/11, law enforcement and intelligence agencies treated terrorist finance as a new phenomenon prone to exploiting advanced technology. Experience suggests terrorists do very well with basic laundering techniques that worked well for narcotraffickers.
A settlement between a Jordanian bank charged under the U.S. Anti-Terrorism Act victims of Hamas attacks in Israel and the West Bank is raising questions about the Act’s anti-terror financing components and how they are interpreted and enforced.
A recent report by the Financial Action Task Force explains why the gold market provides some of the easiest means for criminal and terrorist organizations to launder the proceeds of their illicit activity.