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Analysis & Commentary - Yaya J. Fanusie

Yaya J. Fanusie's Latest

17th January 2018 – The Washington Examiner

Rex Tillerson: No freeze in military exercises to appease North Korea

Yaya J. Fanusie

Wrapping up a two-day summit in Vancouver, Canada, Secretary of State Rex Tillerson warned North Korea, “We will never accept them as a nuclear power. And so it’s time to talk.” Tillerson, speaking at a news conference alongside his Canadian counterpart Chrystia Freeland, warned that despite the recent talks between the North and South, the situation has reached “a very tenuous stage.” more...

16th January 2018 – The Washington Examiner

The dark side of bitcoin: Terror financing and sanctions evasion

Yaya J. Fanusie

The surging value of bitcoin cryptocurrency is not just attracting business start-ups and investors. It's also drawing the attention of terrorists and U.S. geopolitical rivals, according to analysts. more...

12th January 2018 – Quoted by Daniel Bethencourt and Valentina Pasquali - MoneyLaundering.com

Terrorist Recruitment Efforts Leave Financial Clues for Bankers: FATF

Yaya J. Fanusie

Financial institutions are in a unique position to spot terrorist recruiters whose transactional activity and fraudulent charitable operations can link them to broader extremist networks, according to new analysis by the Financial Action Task Force. more...

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...

1st January 2018 – Kaplan Herald

An arm of al-Qaeda has reaped tens of tens of millions to finance assaults in Africa — right here’s

Yaya J. Fanusie

An affiliate of al-Qaeda that has executed several attacks across Africa — and is considered the organization‘s wealthiest branch — is sitting on millions of dollars in ill-gotten gains that help fund its deadly activities across the region, a new report said. more...

27th December 2017 – Quoted by David Dawkins - Express

BITCOIN price LIVE: Bitcoin bounces back after bubble fears spark Christmas crash

Yaya J. Fanusie

A former CIA analyst now working for a major US think tank says that as the price of Bitcoin has risen, recent online activity shows that jihadist groups are turning to bitcoin digital currency to attract funds from supporters. more...

22nd December 2017 – Quoted by Leigh Cuen - International Business Times

Terrorists Are Increasingly Interested Bitcoin

Yaya J. Fanusie

Former Central Intelligence Agency analyst Yaya Fanusie, currently the director of illicit finance analysis at the Foundation for the Defense of Democracies, published a report Thursday arguing more jihadist groups are fundraising with cryptocurrency as prices continue to skyrocket. more...

22nd December 2017 – IBS Intelligence

Surge in Bitcoin-based terrorism funding

Yaya J. Fanusie

A US national security advisor has highlighted links between Islamic extremism and Bitcoin which is being used as a way to raise funds. As reported by Coindesk, in the last month, the Foundation for the Defense of Democracies has identified the first four cases of this happening in over a year. more...

21st December 2017 – Quoted by Zuleika Salgado - CriptoNoticias

Aumento de Precio de Bitcoin esta Atrayendo Terroristas Segun Exanalista de la CIA

Yaya J. Fanusie

Un exanalista de contraterrorismo de la CIA señaló que hay un creciente interés de parte de grupos terroristas hacia bitcoin por el incremento que su valor ha experimentado estos últimos meses, fundamentándose en el hecho de que cada vez son más las solicitudes de donaciones en esta criptomoneda de parte de organizaciones que apoyan terroristas. more...

21st December 2017 – The Cipher Brief

Terrorist Networks Eye Bitcoin as Cryptocurrency’s Price Rises

Yaya J. Fanusie

Although paper money remains the preference of terrorist organizations, some are setting their sights on cryptocurrencies. Bitcoin transactions move directly between users without any government or banking intermediary and bring the potential for greater financial efficiency and wider financial inclusion. more...

21st December 2017 – Quoted by Michael del Castillo - Coindesk

Think Tank Links Rising Bitcoin Price to Terrorist Use

Yaya J. Fanusie

Groups affiliated with Islamic extremism are showing an increased willingness to raise funds with bitcoin, according to a U.S. national security advisor. more...

21st December 2017 – Quoted by David Dawkins - Express

Jihadis bank on bitcoin for fresh flow of terror funding

Yaya J. Fanusie

Yaya J. Fanusie, the director of analysis at US think tank the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance says that although untraceable cash remains the global terror network’s preferred medium for moving funds, recent online activity shows that jihadist groups are turning to bitcoin digital currency to attract funds from supporters. more...

16th December 2017 – Quoted by Kevin Helms - Bitcoin.com

Venezuela’s National Cryptocurrency Advances But Experts Warn of Corruption

Yaya J. Fanusie

Venezuela’s president Nicolas Maduro has advanced the creation of the country’s national cryptocurrency, the Petro. He believes it will take off and solve the country’s economic problems next year, but experts are concerned with corruption. Moody’s credit rating agency, for example, says market participants would have no confidence in Maduro’s government to manage it. more...

15th December 2017 – Quoted by Alexandra Ma - Business Insider

A New York woman accused of sending bitcoin to ISIS could spend 90 years in prison

Yaya J. Fanusie

A New York woman charged with sending money to the terrorist group ISIS in the form of bitcoin faces as much as 90 years in prison. more...

14th December 2017 – Quoted by Mark Niquette - Bloomberg

As Bitcoin Soars, Advocates Seek to Head Off New Restrictions

Yaya J. Fanusie

Bitcoin enthusiasts struck it rich this year as the cryptocurrency surged. Now they’re preparing for battle in Washington to protect their industry’s ascent. 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...

6th December 2017 – Quoted by Javier E. David - CNBC

Al Qaeda’s arm in N. Africa has made around $100 million through ransom and drug trading, study says

Yaya J. Fanusie, Alex Entz

An affiliate of al-Qaeda that has executed several attacks across Africa — and is considered the organization's wealthiest branch — is sitting on millions of dollars in ill-gotten gains that help fund its deadly activities across the region, a new report said. 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...

18th October 2017 – Quoted by Valentina Pasquali - Moneylaundering.com

Congolese Bank Accused of Violating US Sanctions Against Hezbollah

Yaya J. Fanusie

A Congolese bank’s handling of funds allegedly tied to a U.S.-blacklisted Lebanese-militia in apparent violation of U.S. sanctions highlights the need for global banks to effectively scrutinize their business relationships in high-risk regions, say sources. more...

10th October 2017 – The National Interest

Hit Hezbollah in the Wallet

Yaya J. Fanusie, Alex Entz

From Latin America to Tehran, there are plenty of steps U.S. policymakers can take today. more...