RealNews

Efforts to Fight Terror Financing Reported to Lag

The federal authorities do not have a clear understanding of how terrorists move their financial assets and are still struggling to prevent the flow of money to terror groups, according to a new Congressional report. The report, by the General Accounting Office (news – web sites), the investigative arm of Congress, also finds that the Internal Revenue Service (news – web sites) has not developed a formal plan for sharing financial information with state authorities about charities under investigation. And the report says the Treasury and Justice Departments have fallen nearly a year behind in developing a plan for attacking money laundering and issues like terrorists’ use of black-market gems and gold. It says some agencies have failed to make terrorism financing a high priority or have set unrealistic goals for overhauling their tactics. The report is to be made public on Sunday. Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.