Tom Devlin interviews Gary Osen, a high profile attorney and expert on the Anti-Terrorism Act. Read More
11th December 2017
9 December 2017 REUTERS Arab foreign ministers late on Saturday urged the United States to abandon its decision to recognize Jerusalem as Israel’s capital, saying the move would increase violence throughout the region. The announcement by President Donald Trump on Wednesday was a “dangerous violation of international law”, had no… Read More
13th November 2017
Radio Free Europe, Radio Liberty ad Hariri, who resigned as Lebanon’s prime minister last week, says his country faces the risk of sanctions being imposed by Gulf Arab nations because of the Iran-backed Hizballah movement’s activities in Lebanon. Hariri made the comments in a television interview from Saudi Arabia on… Read More
31st January 2017
How do terrorists move money? This article examines six of the most widely used methods: cash couriers, informal transfer systems (e.g. hawala), money service businesses, formal banking, false trade invoicing, and high value commodities. Read More
21st October 2016
The U.S. Treasury moved to disrupt the fundraising and operation of the Iranian-backed Hezbollah group on Thursday, imposing sanctions on four operatives and a firm that have assisted the organization, long seen as a terrorist outfit by Washington. In a related action, the U.S. State Department sanctioned Hezbollah commander Haytham… Read More
13th October 2016
Three associates of Hizbullah party suspected of laundering cocaine money for the Colombian cartel have been busted after agents said they illegally moved $500,000 into Miami banks through a series of complicated financial transactions stretching from Australia to Europe, the Miami Herald reported. Mohammed Ahmad Ammar, 31, is… Read More
23rd September 2016
NNA – Central Bank Governor, Riad Salameh, called for implementing international standards and issuing required regulations so as to combat money laundering and terror funding in the region. Salameh’s words came Friday in the 40th session of the Council of Arab Banks Governers, which took place in Rabat. Salameh was… Read More
11th July 2016
Hassan Nasrallah, the leader of Hizbollah, has mocked United States sanctions targeting funding for his group. In a speech broadcast by Al Manar, the Shiite party’s television station in Lebanon, Mr Nasrallah said the sanctions would have no effect. He said: “We do not have any business projects or… Read More
20th June 2016
After the bomb attack that hit the headquarters of Blom Bank in Beirut this month, US financial sanctions against Hizbollah are threatening to pose an internal problem for Lebanon. “For those who are not aware, most of the sanctions were initially directed against American banks that accept financial transactions… Read More
9th June 2016
Hezbollah’s terrorism finance operations are thriving across Latin America months after the Drug Enforcement Administration linked the Iran-backed Lebanese militant group to drug cartels in the region, U.S. lawmakers were told Wednesday. Read More
Must Read

EU adopts Sixth Anti-Money Laundering Directive EU 6AMLD, deadline set

Countries across the European Union will have two years to implement a new system of jail sentences and sanctions for money launderers following the formal adoption of the EU’s latest anti-money laundering directive, dubbed 6AMLD (Sixth Anti-Money Laundering Directive) on 11 October 2018. Once the directive is published in the… Read More

Anti-money laundering compliance costs hit $25 billion annually – study

The cost of AML compliance across U.S. financial services firms equaled $25.3 billion per year based on survey responses from more than 150 decision-makers at banks, investment, asset management and insurance firms, according to a new study. The report shows that smaller firms are hit hardest, relative to their bottom… Read More