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Financing Terror

Number 22428
Subject Financial Investigations
Source Forbes Magazine
State NY
Year 2005
Publication Date 10/17/05
Summary Freedman delves into the world of "hawala," an informal and often untraceable method of transferring money from the U.S. and throughout the Middle East. The U.S. government contends that in addition to operating as a way to transfer legal funds from one family member to another, the hawala system has also been used to launder money from illegal trafficking in humans and drugs and to get money to terrorists. As of the publication date of this article, federal law enforcement agencies have not succeeded in prosecuting any high profile cases, nor any cases involving terrorist groups.
Category Computer-Assisted Reporting
Pages 9
Keywords international terrorism;money laundering;terror networks;international money transfers
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