Terror Funding Shifts to Cash

Terrorist groups get around post-Sept. 11 restrictions on banks and charities by turning to couriers to smuggle cash across borders to finance terrorism plots, a trend that U.S. intelligence has seen increasing in the past year,” reports USA Today. “… Reliance on cash makes it harder for terrorist groups to raise money from wealthy individuals or charities accustomed … to conveying money through the banking system, [Under Secretary of the Treasury Stuart] Levey said.… But cash is difficult for law enforcement to track … International efforts to block illegal cash smuggling have been slow in coming, particularly in the Middle East, where there is a tradition of carrying large sums.”

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Colorado ACFEI Member's Homeland Security Weblog
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