BREAKING: Crisis of the Second General Assembly

By Sonia Feng, for The Sydney Morning Herald

Confirmed reports that accounts held by the international banking group Citibank, which is headquartered in New York, have been used as a vehicle to finance terrorism. Technical information regarding how terrorist groups headquartered in Pakistan and Afghanistan managed to conduct such a sophisticated money laundering operation that it evaded the US authorities for the past five years is still sketchy. However, like all US banks, Citibank has been subject to rigorous oversight and regulatory requirements, therefore this revelation comes as a major embarrassment to the US Administration and brings into question the role of the USA in leading the international fight against the financing of terrorism.


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