Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement on Thursday after the State Department admitted that the United States would not hand over $400 million in cash to Iran until it released four American hostages:
“There’s a word for that. It’s called ransom. But two weeks ago President Obama insisted to the American people that the… Read more »
WASHINGTON – The Financial Services Task Force to Investigate Terror Financing held a hearing today to examine the best ways to counter the plunder and sale of priceless cultural antiquities by Islamic State terrorists. Such looting is occurring on an “unprecedented scale” and is generating significant revenue for the Islamic State, also known as ISIS or ISIL, the United Nations has… Read more »
WASHINGTON – Terrorist groups and criminal organizations can exploit the international trade system to fund their activities with relatively low risk of detection, members of the Financial Services Task Force to Investigate Terror Financing said today during a hearing.
Trade-based money laundering (TBML) is widely recognized as one of the most common manifestations of international… Read more »
