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3571. Global Anti-Terrorism Financing Group Challenged by Syria's Application

Author:
Matthew Levitt
Publication Date:
05-2007
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
This week, the Egmont Group -- an international body of more than 100 national financial intelligence units (FIUs) -- is holding its annual plenary session and working group meetings in Bermuda. One of the issues on the agenda is whether to admit a Syrian FIU into the group. Although Syria may in fact technically qualify for membership despite some significant shortcomings, extending membership to a state the United States regards as a sponsor of terrorism would raise serious questions about Egmont's standards and continued efficacy in the fight against money laundering and terrorism financing.
Topic:
Economics, International Cooperation, and Terrorism
Political Geography:
Middle East

3572. Middle Eastern Investment in the United States: Avoiding Another Dubai Ports World Controversy

Author:
Michael Jacobson and David Jacobson
Publication Date:
06-2007
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
On May 10, 2007, President Bush and U.S. Treasury secretary Henry Paulson launched an "open investment" initiative to encourage foreign investment in the U.S. economy. In a statement, the president emphasized that his administration "is committed to ensuring that the United States continues to be the most attractive place in the world to invest." Washington's focus on this issue is at least partly a reflection of the ongoing fallout from last year's Dubai Ports World (DPW) controversy. Although it is still premature to gauge the long-term economic impact of the DPW case, the process for reviewing foreign investments has already changed significantly.
Topic:
Conflict Prevention and Economics
Political Geography:
United States and Middle East

3573. Turkey's Economic Future and the AKP

Author:
Meral Varis Kiefer
Publication Date:
05-2007
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
On April 30, 2007, the Turkish stock market slumped and the value of the lira dropped following a massive demonstration in Istanbul against the Justice and Development Party (AKP) government, coupled with a statement by the military voicing support for secularism. Previously, the comparatively healthy Turkish economy had boosted the chances that the AKP, rooted in the country's Islamist movement, would achieve further electoral victories this year. On April 24, Prime Minister Recep Tayyip Erdogan named Foreign Minister Abdullah Gul as his party's candidate for president -- a legislatively elected post. In the April 27 parliamentary session, however, the secular opposition boycotted the vote, and the AKP failed to muster the required two-thirds majority. The Turkish constitutional court subsequently annulled the vote, and the status of the presidential election is now uncertain. In the meantime, the parliament has moved legislative elections up from November to July 22.
Topic:
Development, Economics, and Government
Political Geography:
Turkey and Middle East

3574. Arab States' Efforts to Combat Terrorism Financing

Author:
Michael Jacobson
Publication Date:
04-2007
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
On April 1-5, the seventeen Arab members of the Middle East and North Africa Financial Action Task Force (MENAFATF) met in Jordan to discuss terrorism financing and money laundering in the region. Although the task force's record to date shows some promise, the organization can do far more to address these critical issues.
Topic:
Economics and Terrorism
Political Geography:
Middle East, Arabia, and North Africa

3575. An Iranian Financial Intelligence Unit: Less than Meets the Eye

Author:
Michael Jacobson
Publication Date:
04-2007
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
The State Department's International Narcotics Control Strategy Report, released on March 1, offers a little-noted reference to a dubious claim: an Iranian government statement (made to the UN) that Tehran has established a Financial Intelligence Unit (FIU). The report notes that Iran has provided no further details. Even if the Iranian claim were true, the creation of an FIU would do little to combat terrorism financing in the nation, given Tehran's official support for terrorist groups. In other countries, FIUs are an important element of effective counterterrorism policy -- though the record of key Middle Eastern nations is somewhat mixed in this regard.
Topic:
International Relations, Economics, and United Nations
Political Geography:
Iran and Middle East

3576. The History of U.S. Foreign Policy in the Middle East

Author:
Michael Oren
Publication Date:
03-2007
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
On March 9, 2007, Michael Oren addressed The Washington Institute's Special Policy Forum. A historian and senior fellow at the Shalem Center in Jerusalem, Dr. Oren authored the recent bestseller Power, Faith, and Fantasy: America in the Middle East, 1776 to the Present.
Topic:
Foreign Policy and Economics
Political Geography:
United States and Middle East

3577. Combating Terrorist Financing in Europe: Gradual Progress

Author:
Michael Jacobsen
Publication Date:
03-2007
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
In the wake of the July 2005 terrorist subway and bus attacks in London and the disrupted terrorist plot to blow up U.S.-bound planes flying from Heathrow airport in August 2006, the British government recently launched a new strategy to combat terrorism financing. Ed Balls, Britain's economic secretary to Her Majesty's Treasury (HMT), said the strategy was designed to address "an enduring and continually changing terrorist menace to the [United Kingdom]." In Balls's view, financing is the "lifeblood" supporting the growing terrorist threat. Britain's ambitious and timely initiative is an important step forward. But broader European efforts to tackle terrorist financing -- particularly the efforts of the European Union (EU) -- still lack consistency and effect. Bureaucratic obstacles limit European efforts to designate terrorist entities and freeze their assets.
Topic:
Economics, International Law, and Terrorism
Political Geography:
Europe and London

3578. Follow the Money: Challenges and Opportunities in the Campaign to Combat Terrorism Financing

Author:
Matthew Levitt
Publication Date:
03-2007
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
The U.S. government's much-discussed but little-understood effort to combat terrorism financing faces both challenges and opportunities. Terrorist groups continue to evolve, proactively working to evade existing sanctions and minimize the impact of future ones. Meanwhile, interagency efforts are being called upon to meet some of the most pressing national security threats through targeted financial measures.
Topic:
Development, Economics, International Cooperation, and Terrorism
Political Geography:
United States

3579. Prosecuting Terrorism Supporters: Lessons from a Recent Verdict

Author:
Matt Levitt
Publication Date:
02-2007
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
On February 1, after fourteen days of deliberation, a Chicago jury acquitted Muhammad Salah and Abdulhalim Ashqar of charges that they were involved in a racketeering conspiracy by financing and supporting Hamas terrorist activities in the late 1980s and early 1990s. The two were accused of laundering funds, facilitating communications, and providing recruits for Hamas, but were convicted only on minor charges of obstruction of justice and, in Ashqar's case, criminal contempt. Like the 2005 prosecution of Sami al-Arian and several other Palestinian Islamic Jihad supporters in Tampa, Florida (where the jury acquitted the defendants of most charges and deadlocked on others), the case highlights the difficulty of prosecuting individuals for providing support to terrorist groups under the cover of humanitarian or political activity.
Topic:
Economics, Government, International Law, and Terrorism
Political Geography:
Palestine and Chicago

3580. Lebanon Goes to Paris III: High Stakes in France and Beirut

Author:
David Schenker
Publication Date:
01-2007
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
On January 25, Lebanon will participate in Paris III, the third international donor conference for Lebanon convened by French president Jacques Chirac since February 2001. The top agenda items are grants and soft loans for Lebanon and the economic reform plan of Lebanese prime minister Fouad Siniora. For Siniora and his "March 14" ruling coalition, the success of the conference -- i.e., international commitments to provide billions to Lebanon -- is exceedingly important, as the government is coming under increasing pressure from the Hizballah-led opposition. Indeed, this week, the opposition upped the ante in its continuing effort to topple the Siniora government, closing key Lebanese arteries, including the highways into Beirut and the airport road. If Paris III is broadly perceived as "successful," it will strengthen Siniora and demonstrate that the March 14 coalition can govern and advance key Lebanese interests without Hizballah participation in government. Should international donors not prove particularly generous, the momentum will shift toward the opposition.
Topic:
International Relations, Development, and Economics
Political Geography:
Middle East and France