Fighting Terrorism with Financial Transparency
What is the link between the Liechtenstein tax haven scandal and fighting terrorism?
No, it’s not a new Iran-Contragate scandal (am I showing my age with that phrase?) and neither Klaus Zumwinkel nor anyone else (as far as I know) was funding Al Quaida from a Liechtenstein account.
Since 9-11, the transparency of global banking has increased dramatically. The main goal has been to snuff out the funding of terrorists, but Liechtenstein is a side effect. In effect, making it harder for terrorists to hide money is also making it harder for tax evaders to hide money.
One of the key players involved in the increase of financial transparency, John B. Taylor, has written a book entitled “Global Financial Warriors” which was recently released in paperback. Taylor was under secretary for international affairs for the U.S. Treasury from 2001 to 2005 and was tasked with interrupting the the financing of suspected terrorist organisations, develop new financial infrastructures for Afghanistan and Iraq. He also changed how both the International Monetary Fund and World Bank work.
The book provides details and in-sights into the financial world and their effects on politics (and vice versa) in a way seldom seen.
The photo shows the Situation Room at the White House, where Taylor discussed global financing many times.
Image from whitehouse.gov
0 opinions for Fighting Terrorism with Financial Transparency
No one has left a comment yet. You know what this means, right? You could be first!
Have an opinion? Leave a comment: