Government efforts to track the money trail that terrorist organizations use to bankroll acts of violence are flagging and must be improved, congressional investigators have concluded. U.S. authorities — at both the Treasury and Justice departments — are struggling to understand how the financing works and how terrorists move and conceal their assets, says a report by the General Accounting Office, the investigative arm of Congress. Details of the GAO study were reported late Thursday on Web page of The New York Times, and a congressional staffer confirmed the details. The report had been request by Sens. Richard Durbin, D-Ill, and Charles Grassley, R-Iowa. It was expected to be released Friday. The report among other things reiterates lawmakers’ concerns that the two federal departments and other government agencies aren’t doing enough to fight terrorist financing. Full Story
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