International interest in continuing to comply with U.N. enforcement rules is waning, according to the former officials, and terrorists have shifted from official financial institutions, frustrating government efforts to cut off their money streams.
"Few assets are now being frozen and, in fact, many countries still have not put in place the legal framework necessary to take action," the report states. The arms embargo and travel ban against those on the list have not been enforced.Donors from Saudi Arabia are the chief sources of support for al-Qaida extremist groups, while the Iranian government keeps financing Hezbollah, Hamas and other terrorist groups, according to the report. The research is intended as a road map for the incoming Obama administration to tighten the system and crack down on evolving terrorist financing schemes.
An advance copy of the report, "The Money Trail," was provided to The Associated Press.
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