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... supports Professor William Snyder's sections of National Security Law, Counterterrorism Law, and Prosecuting Terrorists at the Syracuse University College of Law.

Money transfers could face anti-terrorism scrutiny

Sep 28th, 2010 investigations

The Washington Post reports in an article entitled "Money Transfers could face anti-terrorism scrutiny" published September 27, 2010 that the Obama Administration wants to require U.S. banks to report all electronic money transfers into and out of the country. This represents a significant expansion in efforts to counter terrorist financing and money laundering. 

Currently, institutions are required to report to the Treasury transactions in excess of $10,000 and others they deem suspicious. The new rule would require banks to disclose even the smallest transfers. 

For the full text of yesterday's article, click here

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