The Latest - Cyber and FinTech

Cyber and FinTech Latest

12th January 2018 – FDD’s Center on Sanctions and Illicit Finance Research Memo

Bitcoin Laundering: An Analysis of Illicit Flows into Digital Currency Services

Yaya J. Fanusie

Bitcoin gambling sites, “mixers” and European Bitcoin exchange may be the destinations of choice for criminals looking to launder bitcoins, according to a study issued today by the Foundation for Defense of Democracies’ (FDD) Center on Sanctions and Illicit Finance (CSIF) and cryptocurrency analytics firm Elliptic. more...

6th December 2017 – Quoted by Kyra Gurney - The Miami Herald

In Washington, Venezuela’s plan to create a ‘Bitcoin’ seen as a sign of desperation

Yaya J. Fanusie

Venezuela’s announcement that it plans to launch a national crypto-currency to evade U.S. sanctions has been met with skepticism in Washington, where lawmakers see the proposal as a sign of the regime’s increasing desperation. more...

13th November 2017 – Quoted by Julie Weed - The New York Times

Foiling Cyber-Spies on Business Trips

Samantha F. Ravich

The admonitions to business travelers headed to other countries should be familiar by now: Keep your laptop with you at all times. Stay off public Wi-Fi networks. Don’t send unencrypted files over the internet. more...

6th November 2017 – The Hill

US Treasury takes on terrorism: Non-kinetic warfare that works

Jonathan Schanzer

America’s foreign policy challenges are mounting. From North Korea and Iran to ISIS and Russia, the news cycle churns with reports of new threats and new concerns. more...

20th October 2017 – Quoted by Rachel Ansley - The Atlantic Council

Financial Pressure Needed to Prevent Financial Crimes in the DRC

Yaya J. Fanusie

The United States should apply sanctions on illicit financial networks and crack down on money laundering in the Democratic Republic of the Congo (DRC) where a "violent kleptocracy" has fueled an ongoing and deadly conflict, John Prendergast, co-founder of The Sentry and founding director of the Enough Project, said at the Atlantic Council. more...

13th October 2017 – Quoted by Renee Picard - Organized Crime and Corruption Reporting Project

Russia Advances in Fight With US Over Cybercrime Suspect

Boris Zilberman

On Wednesday, a Greek court showed support for Russia in a US-Russia legal tug-of-war over the alleged mastermind behind a $4 billion bitcoin money-laundering scheme, reported Reuters. more...

10th October 2017 – Quoted by Kevin D. Freeman - Global Economic Warfare

When the IT Supply Chain is Compromised “Inside the Wire”

Samantha F. Ravich

The term “inside the wire” generally suggests a zone of safety. Going outside the wire suggests being at risk. But what happens when the enemy gets inside the wire? Extreme threat. more...

20th September 2017 – FDD Policy Brief

Regulators Struggling to Handle Illicit Finance Risks of Fintech Innovation

Yaya J. Fanusie

Earlier this month, China’s financial authorities issued a ban on Initial Coin Offerings (ICOs), a crowdfunding method through which business ventures raise capital by selling newly-created cryptocurrencies to the public. more...

19th August 2017 – Citado por Jackeline Rivero - Criptonoticias

Ataque En Barcelona, Financiamiento Terrorista Y Criptomonedas

Yaya J. Fanusie

El mundo aún está conmocionado por el lamentable ataque terrorista, perpetrado por el Estado Islámico (EI), que sufrió la ciudad de Barcelona el pasado jueves 17, en el cual resultaron 13 personas asesinadas y un centenar de heridos. Leer más: https://criptonoticias.com/sucesos/ataque-barcelona-financiamiento-terrorista-criptomonedas/#ixzz4qQaro7m1 Follow us: @CriptoNoticias on Twitter | CriptoNoticias on Facebook more...

19th August 2017 – Quoted by Jeff Francis - Bitcoinist

Pentagon Looking To Draft Blockcain Technology For Security Purposes

Blockchain technology has proven itself to be invaluable for many different applications and now the Pentagon is looking at using blockchain technology to vastly bolster national security. more...

17th August 2017 – Telemetro Panama

Telemetro Panama

Emanuele Ottolenghi

Especialista en financiación de grupos terroristas Emanuele Ottolenghi habla sobre Hezbolá en América Latina. more...

17th August 2017 – Quoted by The Peninsula

Qatar partners with US firm to combat terror financing

Chip Poncy, Juan Zarate

Qatar’s National Anti-Money Laundering and Terrorism Financing Committee (NAMLC) has engaged with the Financial Integrity Network (FIN), based in Washington DC, as its principal strategic adviser for enhancing Doha’s Anti-Money Laundering and Counter-terrorist Financing System (AML/CFT). The partnership will ensure that the country meets the heightened and evolving global standards and expectations for financial integrity. more...

17th August 2017 – Quoted by Dan Boylan - The Washington Times

Pentagon eyes bitcoin blockchain technology as cybersecurity shield

Samantha F. Ravich

Used by terrorists, drug dealers and money launderers, the shadowy online currency bitcoin may soon be drafted by the Pentagon as a way to shield U.S. military technology, communications and purchases. more...

16th August 2017 – Quoted by Nathan Reiff - Investopedia

U.S. Demands International Monitoring of Cryptocurrency Transactions

Yaya J. Fanusie

In the midst of heated political tensions in the United States and abroad, news that President Trump recently signed a foreign sanctions bill that stipulates governmental monitoring of cryptocurrency transactions may have passed under the radar. Read more: U.S. Demands International Monitoring of Cryptocurrency Transactions | Investopedia http://www.investopedia.com/news/us-government-demand-monitoring-cryptocurrency-transactions-trump-senate-bill/#ixzz4pwsflS7w Follow us: Investopedia on Facebook more...

16th August 2017 – The Cipher Brief

Expelling Digital Demons from U.S. Sensitive Supply Chains

Samantha F. Ravich

The open manner with which U.S. national security enterprises bid for goods and services can be exploited by U.S. adversaries seeking to inject counterfeit or malicious components into sensitive electronic hardware. more...

14th August 2017 – The Hill

Blockchain technology may give Russia its next Sputnik moment

Yaya J. Fanusie, Boris Zilberman

Using blockchain technology, Russia may have just taken a massive leap forward in cryptography that needs more attention. more...

12th August 2017 – Quoted by Bitcoin News

US Foreign Sanctions Bill Mandates That Governments Monitor Cryptocurrency

Yaya J. Fanusie

The value of the shadowy digital currency known as bitcoin has jumped to record highs this month, sending shock waves through America's defense and intelligence agencies, which fear its growth signals a surge in use by terrorists, drug kingpins, white-collar criminals and Russian cybercriminals who don't want to be tracked by the world's governments. more...

10th August 2017 – Quoted by Dan Boylan - The Washington Times

Military, intelligence agencies alarmed by surge in bitcoin value in ‘dark web’ fight

Yaya J. Fanusie

The value of the shadowy digital currency known as bitcoin has jumped to record highs this month, sending shock waves through America’s defense and intelligence agencies, which fear its growth signals a surge in use by terrorists, drug kingpins, white-collar criminals and Russian cybercriminals who don’t want to be tracked by the world’s governments. more...

7th August 2017 – Quoted by JD Supra

High-Profile Spanish Money Laundering Investigation of Chinese Bank Raises Questions

Juan Zarate

As widely reported, the Spanish police raided last year the Madrid offices of the Chinese state-run Industrial and Commercial Bank of China (“ICBC”), the world’s biggest bank by assets. more...

31st July 2017 – Quoted by Javier E. David - CNBC

Al-Qaeda in the Arabian Peninsula said to be flush with cash and positioned to launch new attacks

Yaya J. Fanusie, Alex Entz

The group behind the Charlie Hebdo terror attack in Paris earns tens of millions of dollars per year and remains "well funded," a report from Foundation for Defense of Democracies found. more...

Experts

Samantha F. Ravich

CSIF Board of Advisors, Senior Advisor

Yaya J. Fanusie

Center on Sanctions and Illicit Finance - Director of Analysis

Annie Fixler

Policy Analyst

Juan Zarate

Center on Sanctions and Illicit Finance - Chairman and Senior Counselor

Events

18th November 2016 - 8:30 AM

Cyber Warfare in the Next Administration

The Foundation for Defense of Democracies’ (FDD) Center on Sanctions and Illicit Finance (CSIF) hosted a breakfast discussion with former Director of the CIA and the NSA General Michael Hayden Friday, November 18, from 8:30am to 9:45am. He was in conversation with Dr. Samantha Ravich, CSIF Board Member and Senior Advisor focused on cyber-enabled warfare.