Derailing financial flows that support terrorism is a common goal worldwide. How that is accomplished is an open debate. The problem is two-fold: amounts tend to be comparatively small and funds are often raised through apparently legitimate businesses. How do you squelch nefarious activities, while bolstering economic growth? Even G-20 officials may not have an answer to that conundrum They deferred direct action at their recent summit by assigning added responsibility to the Paris-based Financial Action Task Force. For the private sector, the renewed focus means that investors will see more onerous compliance demands when dealmaking in high-risk nations. Those same investors can find solace in the fact that the hurdle rate-of-return on many investments justifies added time and cost outlays. ■
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