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Weekly Roundup: Citigroup Tied to California Attacker’s Loan, Cyprus Fines FBME Bank, and More
printThe U.S. House Financial Services Committee is investigating an online loan granted by Utah-based Webbank.com to terrorist suspect Syed Rizwan Farook and a subsequent payment from Farook's account to his mother before this month's deadly terrorist attack in San Bernardino, according to Reuters. Lawmakers plan to propose new counterterrorist financing rules early next year. More Citigroup initially funded the $28,000 loan that Farook obtained from Prosper Marketplace Inc. and then sold the loan back to Prosper in an effort to distance itself from the funds following the attack, The Wall Street Journal reported, citing unnamed sources. More Tanzanian and Cypriot...
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