There is continuing disunity in the international effort against money laundering and terrorist financing.
ECONOMIST: Money launderers keep a few steps ahead of academe
An obvious target for those leading the fight against terrorist financing is the world of offshore banking.
ECONOMIST: A worldwide attempt to stop finance for terrorists
Ministers will work to prevent terrorist financing and will formally seek the chair of the worldwide Financial Action Task Force in Cape Town on Tuesday.
The first is aimed at combating money laundering and terrorist financing.
FORBES: After FATCA, Swiss Government Tackles Money Laundering too
He said Russia would work with the West to help tackle terrorist financing and support networks for extremists, as well as tackling causes of terrorism, including poverty and instability.
The recent warning by the Financial Action Task Force, the world's premier standard-setting body for countering terrorist financing and money laundering, confirms the extraordinary risks that accompany doing business with Iran.
CENTERFORSECURITYPOLICY: Treasury affirms dangers of business with Iran
The Obama administration wants to require U.S. banks to report all electronic money transfers into and out of the country, a dramatic expansion in efforts to counter terrorist financing and money laundering.
FORBES: To Bolster National Security, Treasury Wants More Red Tape
The bank's head of compliance resigned from his position and apologized to the Senate investigation last year after it was found HSBC had lax controls that exposed it to money-laundering and terrorist financing.
And, on October 15th, far-reaching new legislation was introduced that will strengthen substantially Canada's laws against terrorist activities and financing.
Concerns about money laundering and financing of terrorist networks mean new payment providers not only have to deal with the usual red tape but also cope with layers of additional regulation.
The resolution calls for all nations to prosecute or extradite anyone supporting, financing or participating in terrorist acts.
"If they're interested in the achievement of peace, they must cut off the funding ... or work to cut off the financing of money to terrorist groups that would like to destroy the process, " he said.
On 14 December 2010, Treasury minister Mark Hoban said the the Terrorist Asset-Freezing etc Bill was "absolutely necessary" if the government wanted stop the financing of terrorism.
应用推荐