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Treasury's War: The Unleashing of a New Era of Financial Warfare
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Treasury's War: The Unleashing of a New Era of Financial Warfare

3.71  ·  Rating details ·  124 Ratings  ·  13 Reviews
For more than a decade, America has been waging a new kind of war against the financial networks of rogue regimes, proliferators, terrorist groups, and criminal syndicates. Juan Zarate, a chief architect of modern financial warfare and a former senior Treasury and White House official, pulls back the curtain on this shadowy world. In this gripping story, he explains in unp ...more
Hardcover, 512 pages
Published September 10th 2013 by PublicAffairs (first published January 1st 2013)
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Greg Stoll
Sep 20, 2013 rated it liked it
An interesting behind-the-scenes look at the work that the Treasury Department did to impose meaningful sanctions against terrorist groups and rogue nations (mostly North Korea and Iran). You'll probably like it more if you're really into financial systems and such - I lost some interest as I went through.
Steven Kaminski
Jan 21, 2017 rated it it was amazing
I learned a LOT in this book. Really fascinating book that gets into the part of terror in the world that we so easily dismiss but is the most important: MONEY. And as Zarate points out...he worked at the Department of the Treasury and also at the White House...without money, terror can't happen...rogue regimes can't go rogue and through the financial systems America can bring anyone to the negotiating table. Why? Because the cost of food for a country's citizens is always greater then any bomb ...more
a m
May 18, 2015 rated it really liked it
Somewhere in the middle of this book, I lost my drive to continue; it became onerous to keep turning the pages, as it felt repetitive and more like a textbook full of facts. Still, I went on and finished the book, as I didn't want to miss the reality of new war, the financial war. The Unfortunate thing is that like all weapons of war, no matter how cutting-edge, the enemies will eventually catch up. And just as toy drones and generic drugs, it will be fairly easy to use these tools. These fiannc ...more
Juan Zarate helped head up the U.S. Department of Treasury's financial battle against terrorists during the Bush administration, and later moved on to the National Security Council. He clearly has a great deal of knowledge and enthusiasm for the subject matter. Unfortunately, the book frequently bogged down in bureaucratese. Moreover, the occasional digression into more personal material often seemed odd and out-of-place--the descriptions of other people came across as awkward, even when positiv ...more
Aug 16, 2015 rated it it was amazing
I thought that this book was amazing - a really good insight into the tools that the Treasury (and other organisations / governments) use in order to cut off terrorists / non-state actors and organised criminals from the financial system, and how this has actually worked.

But - this is my area of work and I can imagine for people who don't do this as their day job (or who aren't hugely interested in financial crime), this can be a dull and academic book.
Apr 03, 2014 rated it really liked it
An informative and entertaining review of financial sanctions and struggles between nations and etc. It's become a lot more sophisticated than just trade embargoes and freezing assets. The book is written in an understandable way. I knew nothing about the subject before reading the book, now I feel that I have a good general knowledge of the topic.
Feb 10, 2014 rated it liked it
Shelves: work-school
An interesting (albeit slow) read. America's innovative useage of our financial power had greatly impacted terrorist groups, rogue regimes, and TCOs. The most interesting chapter was the last one that points out the risks the US faces from unfriendly nations like China and Russia. America was the first country to use these tools but, it will not be the only one.
Scott Wood
Jun 04, 2016 marked it as to-read
Speaker at IMCA. Financial Terrorism. I missed this talk on teh last morning.
Mar 31, 2014 rated it really liked it
Not a how to book but a great overview of the financial warfare waged by the US after 9/11 against regimes like North Korea, Iran and Al Queada.
Bill Churchill
Sep 01, 2014 rated it liked it
Though it is dry and full of name dropping, it is a thorough and scholarly book on international financial warfare. Future wars will be primarily informational and financial...and largely hidden.
Nov 14, 2015 rated it it was amazing
A must-read for understanding how financial warfare works and the importance of the sanction regime.
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Katrina Hill
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Tom Dawn
Oct 09, 2017 rated it liked it
For an account of US economic warfare since 9/11 this is a useful guide. It's pretty heavy going in places.

I got to the first of two chapters on North Korea on the day with President Trump announced he was going to 'do something' along the same lines, and I thought then that I had a good idea what that meant. By the end of the second chapter I realised it 'may not be as easy as you think'. By the end of the book I could see it would be a whole lot harder than it was in 2005. So I guess he must
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Patrick Remkes
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“Treasury remained something of a passive consumer of intelligence. Its intelligence office was little more than a message center that delivered packets of information from the intelligence community to offices in the Treasury. This was a nineteenth-century model in dire need of an update for the twenty-first century. Together with” 0 likes
“MbN would establish the now famous and well-studied Saudi rehabilitation program for recruits into Al Qaeda, creating a system of theological and social deprogramming and reintegration. Such reintegration would include incentives such as homes and wives, creating a collective familial” 0 likes
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