Major funding blow for LTTE

Canada, which has increasingly become a fertile ground for supplying funds for the LTTE has announced new laws to combat money laundering and financing terrorist activities.

“Canada’s government will be relentless in its efforts to prevent money laundering and terrorist” funding, said Jim Flaherty, the country’s Finance Minister announcing the new regulations to fight terrorism.

The LTTE, an organization that flourished under the former Liberal government of Canada is a proscribed terrorist organization under the new conservative government but the LTTE is allegedly funding and engaging in money laundering for Sri Lanka‘s terrorism, operating under varied front organizations.

The new regulations are expected to combat, the LTTE, Al-Queda and other terrorist organizations banned under Canadian law.

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http://www.nation.lk/2007/07/01/news10.htm