In this episode of "Financial Crime Matters," Kieran talks with Eddie Fishman, author of “Chokepoints: How the Global Economy Became a Weapon of War," about the rapid growth in the use of financial sanctions in the 21st Century, with each US president from George W. Bush on imposing sanctions at twice the rate of his predecessor.
Drawing on history and his own experience from stints at the US State Department, Pentagon and Treasury, Eddie cites examples of successful and unsuccessful sanctions programs, arguing that the former generally seek to force specific behavioral changes from a targeted government, while the latter are often too ambitious. Sanctions, for example, that seek regime change leave government leaders with little incentive to negotiate.
Presidents Bush’s and Obama’s actions against Iran that resulted in the Islamic state suspending efforts to create material for nuclear weapons production under the 2015 Joint Comprehensive Plan of Action (JCPOA) exemplify the successful use of sanctions, Eddie says, adding that a weakness in US sanctions policy is the potential for political change. The Trump administration withdrew from the JCPOA in 2018.
Contrary to some characterizations, particularly those from Russian officials, Eddie also argues that sanctions against the Putin regime have stunted Russia’s economy and, consequently, its ability to wage war.
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In this episode of "Financial Crime Matters," Kieran talks with Eddie Fishman, author of “Chokepoints: How the Global Economy Became a Weapon of War," about the rapid growth in the use of financial sanctions in the 21st Century, with each US president from George W. Bush on imposing sanctions at twice the rate of his predecessor.
Drawing on history and his own experience from stints at the US State Department, Pentagon and Treasury, Eddie cites examples of successful and unsuccessful sanctions programs, arguing that the former generally seek to force specific behavioral changes from a targeted government, while the latter are often too ambitious. Sanctions, for example, that seek regime change leave government leaders with little incentive to negotiate.
Presidents Bush’s and Obama’s actions against Iran that resulted in the Islamic state suspending efforts to create material for nuclear weapons production under the 2015 Joint Comprehensive Plan of Action (JCPOA) exemplify the successful use of sanctions, Eddie says, adding that a weakness in US sanctions policy is the potential for political change. The Trump administration withdrew from the JCPOA in 2018.
Contrary to some characterizations, particularly those from Russian officials, Eddie also argues that sanctions against the Putin regime have stunted Russia’s economy and, consequently, its ability to wage war.
Prosecuting Crypto Criminals, with the Justice Department’s Claudia Quiroz
Financial Crime Matters
18 minutes 58 seconds
11 months ago
Prosecuting Crypto Criminals, with the Justice Department’s Claudia Quiroz
In this episode of “Financial Crime Matters,” Kieran talks with Claudia Quiroz, Director of the National Cryptocurrency Enforcement Team, or NCET, at the U.S. Justice Department.
Claudia and Kieran discuss the rise in cryptocurrency-enabled crime that necessitated NCET’s creation three years ago and the team’s subsequent efforts to prosecute cyber predators and seize the proceeds of their crimes. Serving as a dedicated nerve center staffed by crypto experts within the Computer Crime and Intellectual Property Section of Justice, where Claudia is deputy chief, NCET pursues a variety of frauds and scams, money laundering and other abuses of cryptocurrency. During their talk, Claudia touches on some of NCET’s cases, including against “Pig Butchering,” which she points out often involves two victims: the individual who is defrauded and enslaved individuals forced perpetrate the fraud.
Financial Crime Matters
In this episode of "Financial Crime Matters," Kieran talks with Eddie Fishman, author of “Chokepoints: How the Global Economy Became a Weapon of War," about the rapid growth in the use of financial sanctions in the 21st Century, with each US president from George W. Bush on imposing sanctions at twice the rate of his predecessor.
Drawing on history and his own experience from stints at the US State Department, Pentagon and Treasury, Eddie cites examples of successful and unsuccessful sanctions programs, arguing that the former generally seek to force specific behavioral changes from a targeted government, while the latter are often too ambitious. Sanctions, for example, that seek regime change leave government leaders with little incentive to negotiate.
Presidents Bush’s and Obama’s actions against Iran that resulted in the Islamic state suspending efforts to create material for nuclear weapons production under the 2015 Joint Comprehensive Plan of Action (JCPOA) exemplify the successful use of sanctions, Eddie says, adding that a weakness in US sanctions policy is the potential for political change. The Trump administration withdrew from the JCPOA in 2018.
Contrary to some characterizations, particularly those from Russian officials, Eddie also argues that sanctions against the Putin regime have stunted Russia’s economy and, consequently, its ability to wage war.
