Canada appeals decision staying extradition of Khadr to Supreme Court of Canada

Tweet The Canadian government has applied for leave to appeal a decision staying the extradition of Abdullah Khadr to the Supreme Court of Canada. In May of this year, the Ontario Court of Appeal upheld a lower court decision staying Khadr’s extradition. The Canadian government is arguing that it’s ability to comply with international obligations […]

Ontario Court of Appeal upholds extradition of former refugee accused of terrorism and money laundering in U.S.

Tweet The Ontario Court of Appeal has upheld an order extraditing Suresh Sriskandarajah, also known as “Waterloo Suresh”, to the U.S. to face allegations of terrorist financing and money laundering. Sriskandarajah is a Sri Lankan former refugee who immigrated to Canada twenty years ago. He was arrested in 2006 as a result of a joint […]

U.S. introduces new anti-terrorism reporting regulations for cross-border transactions

Tweet The U.S. Financial Crimes Enforcement Network (FinCEN), has published proposed regulations that would require banks and money services businesses to report cross-border electronic transfers of funds (called CBETFs). Banks would have to report all CBETFs of any amount to FinCEN within five days. Money services businesses would be required to report amounts of US$1,000 […]

Ontario court reserves judgement on extradition of suspected terrorist and money launderer

Tweet Suresh Sriskandarajah, also know as “Waterloo Suresh,” a Sri Lankan refugee to Canada being sought by the U.S. on terrorism and money laundering charges, is free on bail while the Ontario Court of Appeal decides whether to allow his appeal of a decision by the Ontario Superior Court of Justice granting an order committing […]

EU approves SWIFT data sharing agreement with U.S.

Tweet The European Parliament approved a five-year agreement with the U.S. for the transfer of financial and other information collected by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to the U.S. SWIFT is a Belgium-based financial messaging company that operates a financial transfer network used by 8,000 financial institutions in over 200 countries. The network […]

Al-Qaeda terrorist funds may be drying up

Tweet According to a report by Foreign Policy, Al-Qaeda has been financially weakened by international efforts to combat terrorist financing but the Taliban still has plenty of money. The news stems from a talk given by David Cohen, the assistant treasury secretary for terrorist financing, at the Washington Institute for Near East Policy. Al-Qaeda groups […]