Financial Crime Matters Intercepting Terror Finance, with the FBI’s Eliza Odom
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Jun 24, 2024 Former FBI Counterterrorism Chief Eliza Odom discusses top terror threats and the role of financial targeting in intercepting terror funding. Topics include home-grown extremists, global cooperation, cross-border terror attacks, and the significance of financial intelligence in counterterrorism efforts.
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FBI Financial Targeting Explained
- The FBI's financial targeting and analysis unit focuses on identifying entities financing terrorism through diverse intelligence sources.
- They provide leads to field offices and international partners to investigate and interdict terror financing globally.
Current Terrorism Threat Landscape
- Terror threats are currently very high, focusing on international terrorist groups, state sponsors like Iran, and homegrown violent extremists.
- Since the 2023 Middle East conflict, there's increased risk to Jewish, Muslim, and Arab communities worldwide.
Crypto's Role in Terror Finance
- Terrorists still heavily rely on traditional finance methods like banks, hawalas, and cash smuggling despite crypto adoption.
- Cryptocurrencies add complexity but are traceable through blockchain analytics and require global regulatory cooperation.