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Frustration over terrorist finances
- Article Tools
| 31 July 2002 |
By Trifin J Roule and Michael Salak
There is growing frustration among international agencies over a lack of co-operation with attempts to track financial support for terrorism.
At a meeting held in Monaco on 7 June, members of the Egmont group, an informal organisation composed of experts in financial intelligence from 78 countries, highlighted a weak response from several countries.
Participants reviewed efforts by members of the Financial Action Task Force to implement initiatives ranging from the criminalisation of terrorist finance schemes to oversight of wire transfers and alternative remittance systems.
Saudi officials have stated that no bank accounts related to terrorist finance schemes have been frozen.
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