

863: Juan Zarate | Waging Financial War on Rogue Regimes
Jul 18, 2023
Juan Zarate, a leading expert in U.S. financial policy and author of "Treasury's War," discusses the strategic use of financial power in combating terrorism and rogue regimes. He explains why the Treasury Department embraced intelligence integration post-9/11 and how sanctions operate. Zarate delves into the impact of financial institutions on crime, the intricacies of the SWIFT system, and the evolving role of cryptocurrencies in financial warfare. His insights reveal the challenges of balancing legitimate funding versus illicit activities.
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Financial Warfare
- The economic and financial domain is a domain of conflict and competition.
- Enemies understand and utilize this domain, including energy resources, companies, and currencies, to influence national security.
Effectiveness of Sanctions
- Terrorists and rogue regimes admit to being choked by U.S. financial measures.
- They expend significant resources to reverse sanctions, proving the measures' effectiveness.
Altering Strategic Behavior
- Sanctions alter an enemy's strategic behavior by impacting their finances.
- This is often a more effective and less destructive method than traditional warfare.