RealNews

U.S.: Cutting funds key to cutting terror

The international community must step up the financial war on terrorism and choke off funding for extremist groups, U.S. Treasury Undersecretary John Taylor has told a gathering a finance ministers in London. Taylor, who is attending a summit of the world’s seven wealthiest nations, said the money channeled to terrorist organizations such as al-Qaida and Hamas must be cut off. “By breaking the financial backbone of terrorist groups and insurgents, we can encumber and thwart their short-term ambitions while rupturing and dismantling their long-term agendas,” Taylor said in a dinner address Friday evening. “Choking off funds that aid terrorist efforts can lead to the ultimate ruin of terrorist organizations.” Full Story

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