Money Laundering and Terror Financing Issues in the Middle East: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Ninth Congress, First Session ... July 13, 2005, Volume 4 |
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Page 9
... U.N. Security Council resolutions , the freezing of over $ 10 million of Al Qaeda assets , and the terrorists they have apprehended , including Abu Faraj al - Libbi , Al Qaeda's operational leader . We are also en- couraged that ...
... U.N. Security Council resolutions , the freezing of over $ 10 million of Al Qaeda assets , and the terrorists they have apprehended , including Abu Faraj al - Libbi , Al Qaeda's operational leader . We are also en- couraged that ...
Page 43
... UNSC 1267. On June 17 , we designated Muham- mad Yunis Ahmad , pursuant to E.O. 13315 , for providing funding , leadership and support from his base in Syria to several insurgent groups that are conducting at- tacks in Iraq . We also ...
... UNSC 1267. On June 17 , we designated Muham- mad Yunis Ahmad , pursuant to E.O. 13315 , for providing funding , leadership and support from his base in Syria to several insurgent groups that are conducting at- tacks in Iraq . We also ...
Page 47
... ( UNSC ) had taken action to address the threat of terrorism . It had adopted resolutions 1267 and 1333 , which collectively imposed sanctions against the Taliban , Osama bin Laden and Al Qaeda . Following September 11 , the UNSC stepped ...
... ( UNSC ) had taken action to address the threat of terrorism . It had adopted resolutions 1267 and 1333 , which collectively imposed sanctions against the Taliban , Osama bin Laden and Al Qaeda . Following September 11 , the UNSC stepped ...
Page 52
... UNSC sanctions . Kuwait formed a ministerial committee to develop strategies to combat terrorism and extremism , and forbade Kuwaiti Ministries and other institutions from extend- ing official invitations to 26 Saudi clerics who ...
... UNSC sanctions . Kuwait formed a ministerial committee to develop strategies to combat terrorism and extremism , and forbade Kuwaiti Ministries and other institutions from extend- ing official invitations to 26 Saudi clerics who ...
Page 54
... UN Security Council Resolutions , including the freezing of over $ 10 million of Al Qaeda assets . Pakistan has also apprehended ter- rorists , including Abu Farraj Al Libbi , Al Qaeda's operational leader . We are encour- aged by ...
... UN Security Council Resolutions , including the freezing of over $ 10 million of Al Qaeda assets . Pakistan has also apprehended ter- rorists , including Abu Farraj Al Libbi , Al Qaeda's operational leader . We are encour- aged by ...
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Common terms and phrases
agencies Al Qaeda anti-money laundering areas asset freeze Bahrain cash couriers Chairman SHELBY challenges charitable organizations charities Committee continue cooperation counter-terrorist financing counterterrorism countries criminal designated drug efforts Elashi EMERSON entities FATF Federal Financial Crimes financial institutions Financial Intelligence Unit financial sector financing of terrorism FinCen funds global Hamas hawala Holy Land Foundation implement important Infocom interagency investigative Islamic banking Islamic finance issues KindHearts laundering and counter-terrorist laundering and terrorist law enforcement LORMEL MENAFATF ment Middle East money laundering Muslim officials operations Pakistan Qaeda regime region regulators regulatory rorist financing sanctions SAR's Saudi Arabia Secretary Levey Senator BUNNING Senator HAGEL Senator SARBANES September 11 South Asia suspicious activity reports Syrian terror financing terrorist activities terrorist financing terrorist groups terrorist organizations Thank tion Treasury U.S. DEPARTMENT U.S. Government USA PATRIOT Act war on terrorism Wayne
Popular passages
Page 92 - ... Prohibit their nationals or any persons and entities within their territories from making any funds, financial assets or economic resources or financial or other related services available, directly or indirectly, for the benefit of persons who commit or attempt to commit or facilitate or participate in the commission of terrorist acts, of entities owned or controlled, directly or indirectly, by such persons and of persons and entities acting on behalf of or at the direction of such persons;...
Page 92 - Freeze without delay funds and other financial assets or economic resources of persons who commit, or attempt to commit, terrorist acts or participate in or facilitate the commission of terrorist acts; of entities owned or controlled directly or indirectly by such persons; and of persons and entities acting on behalf of, or at the direction of such persons and entities, including funds derived or generated from property owned or controlled directly or indirectly by such persons and associated persons...
Page 44 - Justice collectively pursuing an understanding of the system of financial backers, facilitators, and intermediaries that play a role in this shadowy financial world. It involves the Treasury Department, coordinating the policy process by which we examine actions to disrupt these financial networks. It involves the Department of Justice leading the investigation and prosecution in a seamless, coordinated campaign against terrorist sources of financing.
Page 85 - Chairman and members of the Committee, thank you for inviting me to speak to you today about the work of the Presidential Advisory Commission on Holocaust Assets in the United States, which I chair.
Page 46 - Since 9/11, at least 87 countries in every region of the world have either adopted new laws and regulations to fight terrorist financing or are in the process of doing so.
Page 55 - It may also be its Achilles' heel. It can leave a signature, an audit trail, which, once discovered, might well prove the best single means of identification and capture of terrorists and pinpointing their donors. Financial records are literally the diaries of terror. Stopping the flow of money to terrorists may be one of the very best ways we have of stopping terror altogether. That is a dramatic statement, but it is not possible to overstate the importance of the campaign against terrorist financing....
Page 45 - Following September 11, the UNSC stepped up its counter-terrorism efforts by adopting Resolutions 1373 and 1390. Resolution 1373 requires all States to prevent and suppress the financing of terrorist acts and to freeze the assets of terrorists and their supporters. It also imposes bans on travel and arms sales to these individuals. Resolution 1390...
Page 53 - Mr. Chairman and Members of the Committee, thank you for affording me the opportunity to appear before you today on behalf of Commissioner Walter E.
Page 41 - ... agenda. Even today, we believe that Saudi donors may still be a significant source of terrorist financing, including for the insurgency in Iraq.5 [Emphasis added.] Iran. If Saudi Arabia is the financial engine of radical Sunni Islam, its Persian Gulf neighbor, Iran, is the powerhouse behind the proliferation of a no less intolerant and violent version of Shi'ite Islam. Iran is OPEC's second-largest oil producer, holding 10 percent of...
Page 3 - Testimony of Stuart Levey, Under Secretary Office of Terrorism and Financial Intelligence US Department of the Treasury Before the House Financial Services Subcommittee on Oversight and Investigations and the House International Relations Subcommittee on International Terrorism and Nonproliferation...