Question and answer
what are some federal statutes that can be used to address terrorist financing
Federal Statutes on Terrorist Financing Greetings members of the Police and Sheriff departments for Miami-Dade Metro, this memo is in regards to federal statutes on terrorist financing and how they relate to our culturally diverse city. [ Terrorist organizations require financial funding for a variety of reasons, from supplies, to training, media exposure, even bribes. Unfortunately, much
financial support for terror groups originates from within the United States itself. In order for us to thoroughly discuss this topic, we must first look at the statutes involved in addressing this problem. We will then look at some examples where these statutes have come into effect. After that we will be able to compare what works with the current structure, and what needs to be changed. Cooperation between this agency and those of the federal government will be the next topic. Finally, informing the civilian professionals in the economic sector of the importance of public awareness and due diligence in dealing with finances will be stressed. In conclusion we will rehash all of these points. Federal Statutes Pertaining to Terrorist Financing Federal statutes relating to terrorist finances fall into two time eras, pre 9/11 and post 9/11. Prior to the formation of the Patriot Act, controlling terrorist funding revolved around anti- money laundering. The basis for this was formed in 1970 with the BSA, or Bank secrecy Act. This was based around the Currency and Foreign Transaction Reporting Act or CFTRA. This required financial institutions to report transactions of $10,000.00 or more and allowed for apprehension of criminals by paper trail. This encompasses imports and exports also in these amounts. The International Emergency Economic Powers Act or IEEPA of 1977 allowed for restrictions on transactions of foreign currency and seizure of foreign assets under U.S. jurisdiction in the case of a national emergency. The Money Laundering Control Act of 1986 criminalized transactions dealing with money obtained through illegal acts or used to conceal or further such acts. The Annunzio-Wylie Anti-Money Laundering Act of 1992 increased the penalties on institutions found guilty of money laundering. ]
Expert answered|gabYar|Points 50|
Question
Asked 5/4/2013 3:12:33 PM
Updated 5/4/2013 5:28:40 PM
1 Answer/Comment
Get an answer
New answers
Rating

There are no new answers.

Comments
When you take information from another website, please provide a link to your source. This is mentioned in the basic rules
Added 5/4/2013 5:28:40 PM
Add an answer or comment
Log in or sign up first.
21,060,538 questions answered
Popular Conversations
Write the given sentence as an equation. Tim’s age in 7 years will be ...
Weegy: Tim s age in 7 years will be three times what it was 19 years ago. t + 7 = 3(t - 19) User: - ...
5/24/2015 11:34:37 AM| 2 Answers
Passed in 1964, the ______________ outlawed racial discrimination in ...
Weegy: Passed in 1964, the CIVIL RIGHTS ACT outlawed racial discrimination in public accommodations. User: The ...
5/24/2015 11:17:34 PM| 2 Answers
The Sarbanes-Oxley Act of 2002 (SOX) was largely a response to-
Weegy: As a result of SOX, top management must individually certify the accuracy of financial information. User: A ...
5/25/2015 7:13:43 AM| 2 Answers
The Earth is located in the Milky Way, which is a ____________ ...
Weegy: The Earth is located in the Milky Way, which is a spiral galaxy. User: The revolution of the Earth creates ...
5/25/2015 9:41:50 AM| 2 Answers
Types include rain, sleet, snow and hail
Weegy: Precipitation creates clouds, snow, sleet, rain and hail. User: Is the only known planet that is able to ...
5/25/2015 9:45:12 AM| 2 Answers
Daffydowndilly's dialogue with the stranger shows that Daffydowndilly ...
Weegy: D. open-minded User: Which lines from the poem most clearly express the poet's philosophical approach to the ...
5/25/2015 1:25:13 PM| 2 Answers
Weegy Stuff
S
L
Points 706 [Total 1236]| Ratings 2| Comments 686| Invitations 0|Offline
S
Points 581 [Total 589]| Ratings 1| Comments 571| Invitations 0|Online
S
1
Points 507 [Total 899]| Ratings 2| Comments 487| Invitations 0|Offline
S
L
P
Points 301 [Total 2778]| Ratings 1| Comments 291| Invitations 0|Online
S
P
C
L
P
L
1
P
P
1
P
1
Points 248 [Total 8994]| Ratings 0| Comments 248| Invitations 0|Offline
S
Points 109 [Total 129]| Ratings 0| Comments 109| Invitations 0|Online
S
1
L
L
Points 67 [Total 8250]| Ratings 0| Comments 67| Invitations 0|Offline
S
L
Points 56 [Total 3810]| Ratings 2| Comments 36| Invitations 0|Offline
S
L
1
R
Points 35 [Total 1322]| Ratings 0| Comments 35| Invitations 0|Offline
S
Points 14 [Total 14]| Ratings 0| Comments 14| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.