A Hard Slog for Financial "Special Forces"

Treasury's money warriors are fighting an uphill battle as they target the clandestine conduits that funnel cash to terrorists

Like the ground war, the fight against terrorists' money is entering a new phase. A sweeping crackdown on two financial networks allegedly linked to Osama bin Laden and al Qaeda -- including raids in five American cities on Nov. 7 -- capped the initial campaign on the financial front. Treasury Dept. officials say that so far they have netted $56 million in assets and bank accounts from the 150 individuals, charities, and businesses they have accused of funding terror. "We're bombing the bridges of bin Laden's financial schemes," says a top Treasury official.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.