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Professor testifies at House hearing on countering terrorism financing

Dr. Nikos Passas,†Professor of Criminology and Criminal Justice, College of Social Sciences and Humanities, Northeastern University, testifies before the House Financial Services Committee, Wednesday, February 3, 2016. (Photo by Max Taylor)
Image of North­eastern pro­fessor Nikos Passas, right, greets Rep. Steven Lynch, D-​​Mass., at the House Finan­cial Ser­vices Com­mittee hearing.

Nikos Passas, pro­fessor of crim­i­nology and crim­inal jus­tice and co-​​director of the Insti­tute for Secu­rity and Public Policy at North­eastern, has studied illicit finan­cial and trade flows, including money laun­dering, for more than 25 years.

The global threat of trade-​​based money laun­dering is serious, but effec­tive responses are within reach, North­eastern Uni­ver­sity pro­fessor Nikos Passas, an inter­na­tional finan­cial crime expert, said at a House Finan­cial Ser­vices Com­mittee hearing on Wednesday morning in Washington.

Passas tes­ti­fied at a hearing held by the committee’s task force charged with inves­ti­gating ways to cut off ter­rorism financing. The hearing specif­i­cally focused on the role of trade-​​based money laun­dering, which is defined as the process of dis­guising the pro­ceeds of crime and moving value through the use of trade trans­ac­tions that attempt to legit­imize their illicit origins.

Passas, pro­fessor of crim­i­nology and crim­inal jus­tice and co-​​director of the Insti­tute for Secu­rity and Public Policy at North­eastern, has studied illicit finan­cial and trade flows, including money laun­dering, for more than 25 years.

Read the full story at news@Northeastern.

 

Video of the full hearing is available below:

 

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