Terror Finance Case: "Operation Cash-Out" By Jeffrey Imm

The U.S. Attorney's Office announced today that a federal grand jury indicted 39 defendants and one business in an international money laundering case that includes one person accused of concealing terrorist financing. The terror finance case, "Operation Cash-Out", had an international scope with defendants in United States, Spain, Canada and Belgium, with the use of hawala money-transmitting businesses to launder millions of dollars.

Substantive news reports on this came out today from: U.S. Attorney's Office press release, Baltimore Sun, ABC, and NBC, with a potentially related story in Spain reported by AP.

The Baltimore Sun reported that during a news conference on Thursday that 32 of the 39 defendants had been arrested in the past 24 hours: "U.S. Attorney Rod J. Rosenstein said most of the defendants were under arrest -- at least 16 of them in Maryland -- and that an additional six had been arrested last night". NBC WBAL-11 TV reported that "[r]aids were conducted in Maryland, Washington D.C., New Jersey and Spain on Thursday". The U.S. Attorney's Office press release states that "Operation Cash-Out" includes a total of 46 defendents.

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