Ex-Treasury Official Warns Iran Funds Going to Terror Groups

A former Treasury Department official raised concerns on Wednesday about terrorists obtaining some of the international community's financing to Iran.

The U.S. is ceding $11.9 billion in cash transfers to Iran between November 2013 and June 31 as the Obama administration looks to finalize a nuclear deal with Tehran.

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“I am concerned that some of these funds have already found their way to terrorist groups, and that much more terror finance could be on the way,” Jonathan Schanzer, a former Treasury counterterrorism analyst, told lawmakers at a hearing.

Schanzer, a vice president of research at the Foundation for Defense of Democracies, testified before the House Financial Services Committee's terrorist financing task force, which held its first hearing on Wednesday.

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