Terrorist Responses to Improved U.S. Financial Defenses: Hearing Before the Subcommittee on Oversight and Investigations of the Committee on Financial Services, U.S. House of Representatives, One Hundred Ninth Congress, First Session, February 16, 2005 |
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activity agencies Al Qaida anti-money laundering areas assets Assistant Secretary Bank Secrecy Act certification regime Chairman KELLY Chairwoman charitable sector charities compliance Congress continue countries criminal dealers delegation diamond trade Dubai efforts ensure Farah financial crime financial institutions financial services funds gemstones global gold GUTIERREZ hawala hearing Hezbollah identify illicit implementation important industry information sharing intelligence community international financial system issue IVTS Kimberley Process kleptocracy Laden law enforcement Liberia Madam Chair Mallory Factor million money laundering money service businesses MOORE OF WISCONSIN move money MSBs national security threats networks OFAC and FinCEN operations outreach PATRIOT Act precious commodities Qaeda Qaida regulations regulatory requirements role sanctions Saudi Arabia strategies Taliban tanzanite targeted Terrorism and Financial terrorist financing terrorist groups testimony TFFC Thank transactions Treasury Department U.S. and international U.S. government USA Patriot Act vulnerabilities WASSERMAN SCHULTZ West Africa
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Page 85 - Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction.
Page 86 - US government, including law enforcement and regulatory agencies. This office will continue to represent the United States at international bodies dedicated to fighting terrorist financing and financial crime such as the Financial Action Task Force and will increase our multilateral and bilateral efforts in this field. We will use this office to create global solutions to these evolving...
Page 64 - ... conceal or obscure the clandestine diversion of funds intended for legitimate purposes to terrorist organisations. IX. Cash couriers Countries should have measures in place to detect the physical cross-border transportation of currency and bearer negotiable instruments, including a declaration system or other disclosure obligation.
Page 83 - FinCEN's mission is to safeguard the financial system from the abuses of financial crime, including terrorist financing, money laundering, and other illicit activity.
Page 7 - Chairman and distinguished members of the subcommittee. Thank you very much for this opportunity to discuss the Deepwater system.
Page 37 - Treasury to require domestic financial institutions and agencies to take "special measures" against certain parties, including both institutions and jurisdictions, believed by the Treasury to be engaged in money laundering/terror financing.
Page 44 - Africa as a base because in states such as Liberia, Sierra Leone and most others in the region, governments are weak, corrupt and exercise little control over much of the national territory.
Page 27 - You know that there has been a lot of discussion about the use of this word.
Page 24 - Leone, and others in the region, governments are weak, corrupt and exercise little control over much of the national territory. Some states like Liberia under Charles Taylor were in essence functioning criminal enterprises. For the right price, Taylor let Al Qaida, Russian organized crime, Ukrainian organized crime, Balkan organized crime, Israeli organized crime and Hezbollah operate under his protection.
Page 87 - TFl's ability to respond adaptively, in the most resource-efficient manner possible, to the ever-changing tactics of terrorists and other threats. At present, there are no plans to use this transfer authority. To our knowledge, prior to TFI's creation, the Department has not had such authority. The authority augments the purposes expressed by Congress in creating TFI, namely, that the Department to employ a strategic, coordinated, multi-component approach to terrorists and other national security...