Today’s hearing will focus on how the U.S. can strengthen our institutional capacity to combat terrorist financing in developing nations.
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Replying to @RepStephenLynch
Weak financial institutions in developing world are breeding grounds for corruption that can be exploited by terrorists looking to move $
1 reply 1 retweet 1 like -
Replying to @RepStephenLynch
Lack of strong leadership and ineffective institutions in developing countries fueled the rise of
#ISIS#BokoHaram & other terrorist groups.1 reply 2 retweets 1 like -
Replying to @RepStephenLynch
I am pleased that we are holding this timely hearing to examine what can be done to combat terrorist financing in developing countries
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Replying to @RepStephenLynch
We must be willing to provide technical assistance to help shut down the companies recently founded solely to move money for
#ISIS.1 reply 1 retweet 1 like -
Replying to @RepStephenLynch
The U.S. is a leader in combating terrorist financing, but it is important to evaluate how to effectively implement our technical assistance
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Replying to @RepStephenLynch
Asking questions now at
@FSCDems Task Force to Investigate#TerrorismFinancing hearinghttps://www.youtube.com/watch?v=3knAPHAElmw&feature=youtu.be …1 reply 2 retweets 2 likes -
Replying to @RepStephenLynch
#FINCEN keeps list of bad actors & countries that are non-compliant. They issue advisories for US financial institutions on these countries.1 reply 2 retweets 2 likes -
Replying to @RepStephenLynch
They note countries with links to terrorist financing and progress made by nations to improve capabilities to halt funding for terror groups
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Replying to @RepStephenLynch
During recent CODEL to Syrian border, we saw that iris scans are being used for ATM system. We may want to look at that model for Somalia.
1 reply 2 retweets 3 likes
Important that we induce compliance with suspicious transaction reports and diminish ability to operate outside legitimate financial system.
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