From: Targeted News Release
Remarks of Under Secretary for Terrorism and Financial Intelligence David Cohen Before the Center for a New American Security on ‘Confronting New Threats in Terrorist Financing’
WASHINGTON, March 4 — The U.S. Department of the Treasury issued the text of the following remarks by Under Secretary for Terrorism and Financial Intelligence David Cohen:
I am grateful to be invited to speak here at the Center for a New American Security. In just a few years, CNAS has established itself as a leader in fostering thoughtful discussion and cutting-edge scholarship on critical security issues confronting the United States, and I appreciate the opportunity to contribute to that conversation this evening.
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Just like their longstanding reliance on less-regulated channels for
transferring funds, terrorists profiting from criminal activity is
hardly new. From Hizballah’s cigarette smuggling to the Taliban’s
drug trafficking to the Haqqani network’s mafia-like extortion schemes,
terrorist groups have long turned to crime in their quest for funding.
