Featured Terrorism Financing

Rights group: terror watchlist shared with animal shelters

AP — A Muslim civil-rights group says the FBI is letting animal shelters, private investigators and even a Midwestern megachurch have access to its watchlist of suspected terrorists. In court documents unsealed after a court hearing Friday, lawyers for the Council on American-Islamic Relations expressed concern… Read More

AML Third-Party Risks: What Matters Most

The global nature of trade brings with it huge compliance risks, exposing businesses to a wide array of rules and regulations requiring them to mitigate their exposure to money laundering and other financial crimes. One of the biggest risks that businesses face is employing third parties, be they suppliers, agents,… Read More

EU states block blacklisting Saudi, Panama over dirty money

The 28 member states of the European Union all backed a decision on Thursday to reject a proposal from the EU executive to add Saudi Arabia to a blacklist of countries suspected of being lax on terrorist financing and money laundering. The decision comes after pressure from Riyadh and other… Read More
7th March 2019
French judges have dropped preliminary charges against LafargeHolcim’s former Chief Executive Eric Olsen, said Olsen’s lawyer, which came as part of a wider investigation on whether the company helped finance Islamic State in Syria. French authorities are looking into whether French cement maker Lafarge, which was taken over by Swiss… Read More
6th March 2019
U.S. lawmakers are seeking to expand the mission of the country’s financial intelligence unit by granting it more authority to fight the financing of domestic terrorism and the misuse of cryptocurrencies. Under proposed legislation, the mission statement of the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) would be amended to… Read More
5th March 2019
Australia’s corporate regulator is interviewing top executives at the Commonwealth Bank of Australia as part of an investigation into alleged failure to prevent possible money laundering, the Australian Financial Review (AFR) reported on Tuesday. CBA in 2018 agreed to a civil penalty of A$700 million ($496.23 million) to settle charges… Read More
4th March 2019
European Union member states unanimously rejected on Friday a proposal to blacklist Saudi Arabia and four U.S. territories for lax controls on terrorism financing and money laundering, sources told Reuters. Saudi Arabia, a major importer of EU weapons and goods, had lobbied against being branded a “high-risk” country, as had… Read More
27th February 2019
The United States, Britain and France proposed on Wednesday that the United Nations Security Council blacklist the head of Pakistan-based militant group Jaish-e-Mohammad, which said it attacked an Indian paramilitary convoy in disputed Kashmir. However, the move is likely to be opposed by China, which previously prevented the Security Council’s… Read More
26th February 2019
The UK will blacklist Hezbollah’s political wing over the group’s alleged role in destabilizing Syria, Home Secretary Sajid Javid announced Monday. The move, which requires parliamentarian approval and is expected to take effect as early as Friday, would follow proscriptions of the Shi’ite group’s External Security Organisation in 2001 and… Read More
25th February 2019
Pakistan has taken steps to address terror financing issues, however it does not understand the risks posed by terror groups such as Da’esh and Al Queda, the Financial Action Task Force (FATF) has warned. The global anti-money laundering body has urged Pakistan to work on implementing its action plan… Read More
22nd February 2019
India is pressing for Pakistan to be kept on a terrorism financing watchlist following an attack in disputed Kashmir that was claimed by a Pakistan-based militant group, three Indian government officials said on Thursday. The Financial Action Task Force (FATF), a global body created to counter terrorism financing and money… Read More
21st February 2019
AP — A Muslim civil rights group called for a congressional investigation Wednesday after its lawsuit revealed that the U.S. government has shared access to parts of its terrorist watchlist with more than 1,400 private entities, including hospitals and universities. The Council on American-Islamic Relations said Congress should look into… Read More
20th February 2019
Shamima Begum, a teenager who left London when she was aged 15 to join Islamic State in Syria, has had her British citizenship revoked, according to a letter sent to her family published by ITV News on Tuesday. Begum, who gave birth to a son at the weekend, was discovered… Read More