A speech following up on Professor Neumanns published views. Here are two selected passages:
To be more specific, I am convinced that, when it comes to countering terrorist finance, there has been an excessive, an exaggerated, an over the top focus on the formal financial sector.
In fact, the single most successful blow to ISIS’s finances was something that had little to do with what people typically associate with countering terrorist finance. It was an American military air strike against a cash depot of ISIS in Iraq. In a single day in January 2016, it destroyed an estimated 50 million dollars — nearly the same amount that had been frozen and confiscated in 15 years of countering terrorist finance through the international financial system.