Treasury's War Quotes

“Large multinational companies—including ExxonMobil, BP, and Chevron—produce only 10 percent of the world’s oil and gas.”
― Juan Zarate, Treasury's War: The Unleashing of a New Era of Financial Warfare

“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”
― Juan Zarate, Treasury's War: The Unleashing of a New Era of Financial Warfare

“Treasury “1811s” (the technical term in federal law enforcement for gun-toting special agents) were considered some of the best financial investigators in the world.”
― Juan Zarate, Treasury's War: The Unleashing of a New Era of Financial Warfare

“Switzerland, Luxembourg, and Liechtenstein in particular were confronting an uncomfortable reality. The tradition of bank secrecy they had long followed was being pierced by the intensity of the international community’s focus on transparent and accountable financial transactions.”
― Juan Zarate, Treasury's War: The Unleashing of a New Era of Financial Warfare

“In early 2002, the CEO and representatives from Citibank paid a visit to the Treasury Department to talk about Saudi Arabia. Secretary O’Neill hosted the large group, to include Citi’s chief lawyers, in the main conference room. The Citibank officials wanted to know whether they should stop doing business in Saudi Arabia altogether due to the risk of terrorist financing.”
― Juan Zarate, Treasury's War: The Unleashing of a New Era of Financial Warfare

“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”
― Juan Zarate, Treasury's War: The Unleashing of a New Era of Financial Warfare

“of any sort—from oil deals to settlement of commercial contracts—have to pass through dollar-clearing accounts. For most dollar-clearing transactions—including oil deals—the transactions pass through a bank account in New York. Defying OFAC is therefore not an option for most banks or businesses.”
― Juan Zarate, Treasury's War: The Unleashing of a New Era of Financial Warfare