Illicit trade aids terrorists, says Farah

WASHINGTON, DC - US financial regulators must refocus the fight against terrorist financing to include deliberate measures to stop terror groups from using illicit commodity trade, especially in diamonds and gold, to finance their activities, said Douglas Farah, author and consultant on terrorist financing and national security.

In his testimony to the Congressional Financial Services Committee hearing in February, Terrorist Responses to Improved US Financial Defenses, Farah challenged authorities to refocus the war against terrorist financing to interrupt commodity trading in Africa and Southeast Asia, where terrorists are transferring their wealth into metals without inhibition.

"We need to up intelligence-gathering capabilities on the ground in the 'stateless areas' of the world where illicit commodity trades

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