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Terrorism Insurance ‘Underpriced’ in United States - Council on Foreign Relations
Erwann Michel-Kerjan, an expert on terrorism insurance and the director of the Risk Management and Decision Processes Center at the Wharton School of Business, says that roughly 40 percent of major U.S. businesses remain entirely uninsured for the possibility of a terrorist attack, despite the [...]
Counterterrorism Blog: Wall Street’s Collapse Enhances Influence of “Islamic Finance” Vehicles
One impact of the collapse of a number of major institutions on Wall Street this year (a trend which will continue into next year) will be to enhance the influence of “Islamic finance” (or “shariah finance”) vehicles which have arisen in the past five years. [...]
Douglas Farah: The War on Drugs Hits Serious Snags
The almost-forgotten war on drugs has taken some serious hits recently, particularly in Latin America. This cyclical war waxes and wanes with the political will of each country involved and the consumption habits of drug users.
I take it seriously in large part because drug money is rapidly [...]
Counterterrorism Blog: The Price of the Criminal-Terror Nexus in Afghanistan
The increasingly sophisticated attacks by the Taliban against U.S. and NATO troops, including the recent coordinated strikes that left 10 French soldiers dead shows how the Taliban has evolved over the past year.
What is clear is that, whatever the strategy there is, it is not working. [...]
Al-Arian Trial Set for August :: Articles by IPT :: The Investigative Project on Terrorism
A trial date has been set for August 13th in the case of Sami Al-Arian, who is charged with criminal contempt in a two count indictment for refusing to testify before grand juries investigating Islamic charities with suspected ties to terrorism.
In all of the coverage of the rescue of the hostages from the Colombian terrorist organization known as the FARC, it is disturbing to see the mainstream media nearly universally refer to the FARC as “Colombian rebels” or a “feared insurgent group.” The FARC is one of the globe’s most lethal narcoterrorist organizations. Or was, anyway. It seems to be imploding even as a criminal and terrorist organization.
Counterterrorism Blog: More Evidence of the Criminal-Terrorist Nexus
Those who are skeptical of the growing ties between drug trafficking organizations and terrorist groups-which I think will be the real war we will be fighting for many years, given the resources obtainable by drug trafficking organizations-should read the latest UN Office of Drugs and Crime report.
Two U.S. Supreme Court rulings this month on the application and definition of federal money laundering statutes are problematic for federal investigators and prosecutors. The Cuellar v. United States case, a 9-0 decision, was a “no brainer” and addressed the act of concealment to avoid detection. The second case, Santos v. United States, a 5-4 decision, is more complicated and will prove to be even more frustrating in government efforts to crack down on criminal activity.
The rulings of the Supreme Court last week on two money laundering cases will directly impact the federal government’s ability to utilize a very powerful prosecutorial tool, with conviction carrying a prison sentence of up to 20 years. The first case, Cuellar v. United States, seemed like a “no-brainer” as the Court ruled 9-0 that simple concealment of cash is not money laundering.
In Homeland Security: Supreme Court Ruling Makes Money Laundering Tougher to Prove and Prosecute
In a landmark decision on Monday, the U.S. Supreme Court overturned 2 money laundering cases, redefining the statute and increasing the burden of proof needed to prosecute the crime.