Beltway Confidential

As banks crack down, terrorists update their fundraising tactics

By Blake Seitz
Published July 31, 2014 6:40pm ET
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As banks crack down, terrorists update their fundraising tactics
Since the Sept. 11, 2001, terrorist attacks, the U.S. and its allies have made great strides to stem the flow of money to terrorist organizations. And their enemies have responded by diversifying their portfolios. (iStock Image)

Since the Sept. 11, 2001, terrorist attacks, the U.S. and its allies have made great strides to stem the flow of money to terrorist organizations. And their enemies have responded by diversifying their portfolios.

Earlier this week, a feature in the New York Times revealed the extent to which terrorist organizations have adapted to the squeeze of Western financial institutions. From the Times:

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Al Qaeda Finance Iraq ISIS September 11 Terrorist Attacks Syria Terrorism