MALDIVES A HOTBED FOR TERROR FINANCING AND MONEY LAUNDERING, ANALYSTS SAY
October 2nd, 2013
THE MALDIVES may best be known a tropical paradise with rare beauty, but this south Asian archipelago is also a hotbed for terror financing and money laundering, analysts fear. The country is now attempting to strengthen weak anti-money laundering and combating the financing of terrorism (AML/CFT) laws that have created a “magnet effect for foreign organisations to pour money into local extremist groups,” warned Jean-Charles Brisard, US based terrorism financing expert and former chief investigator for the 9/11 families’ lawsuits against Al Qaeda ...
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