Combating the financing of terrorism: A never-ending battle

TERRORISM needs funding. Preventing and disrupting this is key to limiting the capability of terrorist groups to prepare or carry out attacks. In the recent twin blasts that killed at least 84 people and wounded more than 280 people in Iran, the ISIS armed group claimed responsibility. It was the deadliest attack to target Iran since the 1979 Islamic Revolution.

The Islamic State, al-Qaida and Hezbollah remain the top threats to the US financial system and the safety of the United States, the Association of Certified Anti-Money Laundering Specialists (ACAMS) said in a report. Domestic extremism, meanwhile, poses a new and serious risk to the people of the US and its financial institutions.