Terror and the World Financial System

Discussion in 'Middle East - General' started by onedomino, Oct 6, 2006.

  1. onedomino
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    onedomino SCE to AUX

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    Can any USMB members remember any news stories associated with terror busts that resulted from identifying and eliminating the sources and conduits of terror money? I read a lot of news and I cannot remember any reports of such activity. There has been political lip service and some laws passed here and there, but where are the busts of banking industry financial workers that have helped transmit terror funds around the globe? For example, how does a member of Hamas obtain $500K in cash to sneak across the border into Gaza to pay terrorist gunmen and purchase weapons? Such actually happened. It is known because the Israelis apprehended the Hamas agent. How does OBL’s money get distributed to his terror cells? Where does the money come from for these cells to buy guns and explosives? How does money from Saudi Arabia make its way to terror cells in Iraq? This kind of activity cannot happen without the aid of financial workers and institutions. Even if these activities come to light, what is the penalty? A lawsuit? Obviously, financial institutions are off limits in the War on Terror. But if we were serious about the fight, as soon as a financial institution was identified as responsible for the distribution of terror funds, then that location would receive an after hours visit from Special Forces or a 4AM wakeup call from a Tomahawk. When will we get serious about cutting off terrorist funding by going after the individuals and institutions that facilitate these transactions?

    Below is a story news story concerning a lawsuit directed at a French bank that apparently facilitated the transfer of terror funds. The individuals responsible should receive far more than a mere lawsuit. If guilty, they should get a late evening visit on the last night of their lives. They are enemy combatants.

     
  2. Annie
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    Annie Diamond Member

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    Actually the Department of Homeland Security along with Federal Bank Regulators, instituted many requirements since 9/11 that effect banks and banking transactions. They are however 'not for public consumption.' They happen as required when certain criteria are met.

    I'm sure that's true for other financial institutions, but the reason your not hearing about them is for the same reason-they are not to be communicated.

    I do know the only good grade the 9/11 commission gave was to tracking money.
     
  3. onedomino
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    onedomino SCE to AUX

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    The may have received a good grade, but terrorists seem to be able to move money around at will and no financial institutions are ever held responsible. $500K across the border to Gaza, terrorists with all the money they need to do their dirty work, Saudi money financing the terror cells in Iraq. If they received a good grade at "tracking" money, it seems plain that they still do nothing about it. I cannot name one financial officer (or remember reading about one) who has ever been convicted of aiding terrorist financing, here or abroad, yet we know such people are literally getting away with murder. Slush $500K across the border to Gaza and what happens? You get sued. I bet that really scares these enemy combatants.
     
  4. Annie
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    Annie Diamond Member

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    Oh I anyone going to jail? I agree, 'white collar' is almost always fines.
     
  5. onedomino
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    onedomino SCE to AUX

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    The point is that members of the financial community facilitating the transfer of terror funds are not mere criminals. This is not a matter for the police. These people are in fact enemy combatants, no matter where they reside, and should be dealt with as such. The use of military means to take out these combatants and their facilities would send send a swift and terrifying message to all these electronic barbarians. It would soon become clear that facilitating the transaction of terror money is too dangerous for those who want to remain alive. Thus we might reduce the ability of terrorists to fund their operations.
     
  6. Annie
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    Annie Diamond Member

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    I think it's been taken quite seriously, from the start:

    http://www.whitehouse.gov/news/releases/2001/12/100dayreport.html

    http://www.guardian.co.uk/theissues/article/0,,561877,00.html

    http://www.csmonitor.com/2006/0308/p04s01-woeu.html
     
  7. onedomino
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    onedomino SCE to AUX

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    From the Guardian article:

    "Freezing of assets" is monumental waste of time and is a bone thrown to the media to make it seem like action has been taken. So the terrorists lose those assets and the new Saudi IED money moves to another bank, or flows through a different account at the same bank. Their are no serious consequences for the enemy combatants employed by the financial institutions that transact terror funds. I am not talking about the freezing of assets. I am referring to the freezing of heart muscles. I am talking about treating the facilitators of terror money transactions as though they are enemy combatants on a battlefield, which indeed they are. Name one bank that has been physically taken out for transacting terror funds. Name one financial officer jailed in Gitmo. I disagree that the financial war on terror has been taken seriously. During WW2, what would have happened to a Middle Eastern bank facilitating Nazi money transactions for their campaign in Northern Africa? That bank would have ceased to exist. We are at war with terrorists, but that must seem like a joke to the enemy combatants facilitating terror money transactions throughout the Middle East and elsewhere. Money talks and terrorists walk.
     

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