Page 33 - Terror Financing News Today

In december part of a broad crackdown on the islamist group. organizations worldwide called their trial a scam. patti ann: the u.s. cracking down on a french bank under fire for financing terrorism. the justice department nearing a settlement on sanctions violations. frances largest lender could pay $9 billion in fines for allegedly covering up $30 billion in prohibitive transactions. stuart varney joins us now. the u.s. says they covered up these transactions and violations of u.s. policy essen...

Our embassies overseas. and so because youve looked at terror financing and looked at different groups that support each other, we were thinking, you know, what kind of support is this group in yemen getting? where is it coming from? >> sure. well, i mean, you have to understand, first of all, the way al-qaeda has been structured. its been structured this way for more than ten years, and that is it is a network of affiliates or franchises. it is a very flatlined organization, particularly since ...

Participants? >> i would have to say that they are probably still the drivers of it. of course we have other off shoots, we have al-qaida itself which has morphed, you have the pakistanis, you have others who propagate radicalization of islam. the saudis can take a great deal of credit for the radicalization we see today. >> you were taking a look at where the money for terror was coming from, and where was the money for some of this terror financing coming from and where is it coming from today...

found in sandwiches on delta planes flying into america. one passenger was hurt. this morning, find out what the airline is doing about it. big bus. two continents, three tons of cocaine, and 200 pounds of marijuana. its happening right now. cnn will take you aboard that ship. caught on tape. a breathtaking rescue as a 7-year-old dancing on a third floor window air conditioning unit trips and falls. hear from the guy who caught her. and how would you like to lose a few pounds? a ...

Intelligence community do a good job of dealing with the terrorism threat but there are other parts since 9/11 trying to figure out their role. >> reporter: "the "the washington post"" says its groan so fast its bogged down with overlaps. they churn out more than 50,000 classified reports a year and "the post" says it found more than 50 separate organizations and military commands looking at terror financing in 15 cities. much of that growth in the intelligence community, the newspaper says, has...

>> the post says the system has grown so fast that it is bogged down with overlaps. 26 separate agencies analyze intelligence, turning out more than 50,000 classified reports a year. and the post said it found more than 50 separate federal organizations and commands looking at terror financing. much of this has come from private contractors. the former director of national intelligence said a year ago that the trend worried him. >> you have to get it right. you have to keep the governmental func...

Jobs, jobs. nbcs kelly odonnell joins us from riyadh. is the white house happy with how the first day went? >> reporter: the first day is a win asefined by the white house. thats something theyve been sorely needing. the presidents experience on the first day is positive, well received here in saudi arabia. the coverage from this part of the world has been favorable. all the lights behind me is because the presidents hotel is behind me. there have been many motorcades and lots of security. the...

Latest updates on this topic.

Latest updates on this topic.

That terror financing has really gone underground. youve got bulk cash smuggling, trade-based monday laundering, its a lot harder to figure out exactly where the cash is coming from, although we can still say this a lot of our pet r-rbs ol dollars that go to the gulf, that that seems to be where most of the financing emanates from. >> you and i have talked on the air numerous times about how are we engaging iran, pakistan, what about yemen, we very infrequently talk about how we are engaging the...