Digital Terrorist Financing: with Dr. Shlomit Wagman | Designated
Apr 1, 2025
46:26
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question_answer ANECDOTE
Financial Crime Cases in Israel
Israel’s FIU traced corrupt activities starting from a single suspicious activity report that led to a major investigation involving a senior minister.
They also uncovered diamond dealers doubling as underground bankers and found professional money launderers by analyzing financial patterns.
insights INSIGHT
Crypto Is Both Risk and Innovation
Cryptocurrencies bring both criminal risks and financial innovation, with blockchain offering unique traceability.
Blocking crypto outright is counterproductive; regulation and monitoring provide better control than prohibition.
question_answer ANECDOTE
Early Crypto Investigation Successes and Setbacks
Early crypto investigations included a mistaken confiscation of an exchange's central wallet, leading to release of most funds.
They successfully traced and confiscated millions from Hamas wallets, even halting Bitcoin donations temporarily.
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What does it take to run a nation’s anti-financial crime agency and stay one step ahead of those adapting to the changing world of finance faster than the government agencies tasked with stopping them? By building better investigative and analytic methods through new technologies. Dr. Shlomit Wagman was the Director-General of the Israel Money Laundering and Terror Financing Prohibition Authority. She served when terrorist groups in the region first began experimenting with cryptocurrencies. She saw their new methods up close and helped develop technologies and investigative methodologies to go after them. Designated host, Yaya Jata Fanusie recently spoke with Dr. Wagman where she described the challenges and successes while leading such a massive operation and reminds us all that technology is a tool that can be used, for good and bad, depending on who yields it and how.
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Designated with Yaya Jata Fanusie