I know a lot of my cybersecurity friends were worried that when we unplug them from Swift, they were going to send their cyber offensive cyber capabilities against the Swift system and try to destroy it or disrupt it heavily. I guess maybe has not happened. Although, who knows if they're busy fighting off hackers every single day over there at Swift and securing everything because of that? It seems like if it's so important to everybody, but you unplug Russia from it, now their incentive really is to just give everyone the finger by making it not work anymore.
Treasury's War author Juan Zarate joins us to discuss how the US wields its financial power against terrorism, rogue states, and global crime syndicates.
What We Discuss with Juan Zarate:
- Why the Treasury Department became part of the intelligence apparatus of the United States post-9/11 — after resisting such integration for years.
- Sanctions: what are they good for and how do they work?
- How and why criminals (whether they're of the independent, organized, or state-sponsored variety) need banks and financial institutions for any major crime to succeed.
- What the SWIFT (Society for Worldwide Interbank Financial Telecommunications) system is and how it's used to disrupt terrorist financing around the world.
- For better or worse, what role does cryptocurrency play in all of this?
- And much more...
Full show notes and resources can be found here: jordanharbinger.com/863
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