Combating International Terrorist Financing: Joint Hearing Before the Subcommittee on Domestic and International Monetary Policy, Trade and Technology and the Subcommittee on Oversight and Investigations of the Committee on Financial Services, U.S. House of Representatives, One Hundred Eighth Congress, Second Session, September 30, 2004 |
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Page 6
... law enforcement cooperation . It means we need strengthened and more defined international norms and standards . Now , that is a lot of what FATF is dealing with now , as Juan Zarate mentioned . But we need to keep working , both to ...
... law enforcement cooperation . It means we need strengthened and more defined international norms and standards . Now , that is a lot of what FATF is dealing with now , as Juan Zarate mentioned . But we need to keep working , both to ...
Page 7
... law enforce- ment investigations and actions , and collecting more ... enforcement . So with this array of tools , we really have a way of going ... law enforcement and intelligence agencies really trying to put into practice the same ...
... law enforce- ment investigations and actions , and collecting more ... enforcement . So with this array of tools , we really have a way of going ... law enforcement and intelligence agencies really trying to put into practice the same ...
Page 10
... law enforcement issue . It deals with intelligence . It is a diplomatic issue . So it is the full range of national powers and influences and expertise that is really implicated in terms of the effort against terrorist financing . So I ...
... law enforcement issue . It deals with intelligence . It is a diplomatic issue . So it is the full range of national powers and influences and expertise that is really implicated in terms of the effort against terrorist financing . So I ...
Page 14
... law enforcement investigations were under way . It would appear that any such law enforcement investigations would need to refer to alleged violations of regulations issued by the Treasury Department's OFAC . So here is my question ...
... law enforcement investigations were under way . It would appear that any such law enforcement investigations would need to refer to alleged violations of regulations issued by the Treasury Department's OFAC . So here is my question ...
Page 19
... law enforcement , not just in tracking do- mestically potential terrorists and terrorist financiers , but also internationally . Part of the challenge , and I think this is one of the conclusions from the 9/11 Commission , is that prior ...
... law enforcement , not just in tracking do- mestically potential terrorists and terrorist financiers , but also internationally . Part of the challenge , and I think this is one of the conclusions from the 9/11 Commission , is that prior ...
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Common terms and phrases
9/11 Commission report Action Task Force al Qaeda anti-money laundering anti-terrorist financing assess asset freezes Assistant Secretary BIGGERT bilateral cash couriers Chairman Kelly Chairman KING charities combat terrorist financing Committee Congressman cooperation coordinated counterterrorism countries CTAG Cuba deal develop effective Egmont Group ensure FATF FATF's Financial Action Task Financial Crimes financial institutions financial intelligence units financial system FinCEN FSRB funds global Hamas hawala identify implementation important INSLEE interagency international community international efforts international financial International Monetary Policy international standards International Terrorist Financing investigation issue Jemaah Islamiyah law enforcement money laundering monograph on terrorist move money multilateral mutual evaluation NCCT networks OFAC PATRIOT Act priority Qaeda Qaida regulations regulatory Saudi Arabia Secretary Wayne Section 311 sector Subcommittee on Domestic technical assistance terrorism finance terrorist groups Thank threat Treasury Department U.S. government U.S. representative United Arab Emirates USA PATRIOT Act World Bank
Popular passages
Page 52 - ministries and central banks, as well as financial professionals in private industry trade associations and institutions, on the subject of terrorist financing. We are in daily contact with foreign financial officials and are engaged in bilateral and multilateral
Page 55 - The 9/11 Commission states that "public designation of terrorist financiers and organizations is still part of the fight, but it is not the primary weapon. Designations are instead a form of diplomacy, as governments join together to identify named individuals and groups as terrorists. They also prevent open fundraising.
Page 57 - set of counter-measures against money laundering covering the criminal justice system and law enforcement, the financial system and its regulation, and international cooperation.
Page 60 - of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS);
Page 62 - Saudi Arabia has issued comprehensive new restrictions on the financial activities of Saudi charities, including the following: • Charitable accounts can only be opened in Saudi Riyals; • Enhanced customer identification requirements apply to charitable accounts; • Each charity must consolidate its banking activity in one principal account. Although sub-accounts are permitted for branches, they are restricted to receiving
Page 59 - the President of the World Bank and the Managing Director of the Fund
Page 57 - measures that still needed to be taken to combat money laundering. In April 1990, less than one year after its creation, the FATF issued a report containing a set of Forty Recommendations.
Page 37 - Chairman, Mr. Chairman, and distinguished Members of the Subcommittees: Thank you for this opportunity to
Page 56 - President of the European Commission convened the Task Force from the G-7 member States, the European Commission, and eight other countries.
Page 62 - we will continue to work directly with the Saudi government on the concerns we have about the vulnerability of their