TE10056 — A Persistent and Evolving Threat: An Examination of the Financing of Domestic Terrorism and Extremism
Testimony · published 2020-01-15 · v2 · Active · crsreports.congress.gov ↗
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- Rena S. Miller
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TE10056
Summary
Chairman Cleaver, Ranking Member Hill, Members of the Subcommittee, thank you for the opportunity to testify today. My name is Rena Miller, and I have been a Specialist in Financial Economics at the Congressional Research Service (CRS) since 2009, focusing on financial regulation including anti-money laundering and terrorism financing issues. My testimony will first discuss the current regulatory tools upon which the nation’s counter terrorism financing system relies. It will then examine the ways in which those existing tools may face challenges because of the evolving methods for financing domestic terrorism and home-grown violent extremism (HVE). For brevity, I will use the term “domestic terrorism” to include HVEs and other domestic actors, but I will also examine U.S. actors providing support to foreign terrorist organizations as relevant. Lastly, I will touch upon changing technologies and legislative proposals such as beneficial ownership legislation (H.R. 2513) and financial intelligence legislation (H.R. 5132). I would note that CRS is nonpartisan and does not advocate for any policies or proposals. customer due diligence counter terrorism financing CFT countering the financing of terrorism Bank Secrecy Act domestic extremism foreign terrorist organization USA Patriot Act Fincen Financial Crimes Enforcement Network
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