The Financial Crimes Enforcement Network (FinCEN) has issued an alert (FIN-2024-Alert003) to help financial institutions detect and report financing activities linked to the Iran-backed Lebanese militia and designated Foreign Terrorist Organization (FTO), Hizballah....
Research & insights
Terrorist Financing
Aug 6, 2024 Money Laundering, Regulatory, Terrorist Financing
The official title of the USA PATRIOT Act is “Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001.” The purpose of this Act is to deter and punish terrorist acts in the...
Aug 6, 2024 Regulatory, Terrorist Financing, Trafficking
On May 16, 2024, the U.S. Department of the Treasury unveiled the 2024 National Strategy for Combating Terrorist and Other Illicit Financing (2024 Strategy). This critical document addresses the primary threats highlighted in the 2024 National Risk Assessments...