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Cyril Black International Book Forum

The Cyril Black International Book Forum is held in honor of the late Cyril Black, the emeritus James S. McDonnell Distinguished Professor of History and International Affairs at Princeton University. Black was director of the Princeton’s Center of International Studies from 1968 to 1985 and a member of the University faculty for 50 years.


Treasury's War: The Unleashing of a New Era of Financial Warfare

Treasury's War: The Unleasing of a New Era of Financial Warfare
Juan Zarate, former Deputy Assistant to the President and Deputy National Security Adviser for Combating Terrorism

Commentator: Harold James, Claude and Lore Kelly Professor in European Studies and professor of history and international affairs

Wednesday, February 12, 2014
4:30 p.m.
219 Aaron Burr Hall

About the Book
Over the past decade, America has been waging a new kind of war against the financial networks of rogue regimes, proliferators, terrorist groups, and criminal syndicates. In this book, Juan Zarate—who, along with a dedicated group of Treasury officials, designed and implemented this strategy and capability—takes readers behind the scenes to explain in unprecedented detail how this group redefined the Treasury's role, and used its unique powers, relationships, and reputation to apply financial pressure against America's enemies. This new brand of financial power leveraged the private sector and created an international financial environment in which the private sector's bottom line dovetailed directly with U.S. national security interests— with the goal of isolating rogues from the legitimate financial system. Treasury and its tools soon became critical in all the central geopolitical challenges facing the United States, including terrorism, proliferation, and regimes in North Korea, Iran, Syria, Lebanon, Iraq, and Cuba. 

There has been very little written about the unique story of the U.S.'s financial warfare campaigns. Treasury's War The Unleashing of a New Era of Financial Warfare is the definitive account, by an unparalleled authority on the subject.

Publisher: Public Affairs Books
Publication date: September 10, 2013
512 Pages
ISBN 978-1-61039-115-3

"For those of us who start feeling drosy at the very mention of the words 'Treasury Department,'" this book is an eye-opener. Under Mr. Zarate, and his successors, Treasury quietly build new capabilities that owe less to junk bonds than to James Bond.... Treasury's War does a fine job of shedding light on a new and significant aspect of international relations that many of usmay not be aware of, and that is likely to gain importance in the years to come." --Bryan Burrough,  New York Times

"One of the world's most challenging assignments--explained in vivid, dramatic detail by Juan C. Zarate, a fomer super sleuth in the U.S. government's long campaign to find and disrupt al-Qaida's terrorist funding in the Worldwide Web... Zarate's Treasury's War is a gripping electronic whodunit in a constantly changing environment where inequalities are widening and where technology is destroying more jobs than it creates.... This is the first book that lifts the veil of secrecy on the financial power [Zarate's team] marshaled against America's enemies." --Arnaud de Borchgrave, United Press International

"A bracing account by a knowledgeable authority," --Kirkus Reviews

Author Biography
Juan C. Zarate is a senior adviser to the Center for Strategic and International Studies (CSIS) and the senior national security consultant and analyst for CBS News. He served as the deputy assistant to the president and deputy national security adviser for combating terrorism from 2005 to 2009. In this role, he was responsible for developing and overseeing the effective implementation of the U.S. government's counterterrorism strategy. He was also responsible for overseeing all policies related to transnational security threats, including counternarcotics, maritime security, hostages, international organized crime, money laundering, and critical energy infrastructure protection.
Prior to joining the National Security Council, Zarate served as the first assistant secretary of the treasury for terrorist financing and financial crimes, where he led the Treasury Department's domestic and international efforts to attack terrorist financing, build comprehensive anti-money-laundering systems, and expand the use of the department’s powers to advance national security interests. He also led the US government's global efforts to hunt for Saddam Hussein's assets, resulting in the return of over $3 billion of Iraqi assets from the U.S. and around the world.
Currently, Zarate also advises companies and organizations on national, homeland, and finance-related security, technologies, and investments. He sits on the Board of Advisors for the director of the National Counterterrorism Center, the Board of Advisors for Regulatory DataCorp, and the Board of Directors for American Charities for Palestine.
Follow him on Twitter: @JCZarate1.

Past Cyril Black Events

Cyril Black International Book Forum:
2013: Victor Cha, "The Impossible State: North Korea, Past and Future"2012: Steven A. Cook, "The Struggle for Egypt: From Nasser to Tahrir Square"
2011: Barry Eichengreen, “Exorbitant Privilege: The Decline of the Dollar and the Future of the International Monetary System"
2010: Seth Jones, “In the Graveyard of Empires”
2009: Philip Bobbitt, “Terror and Consent: The Wars for the Twenty-First Century”
2008: John Mearsheimer and Stephen Walt, “The Israel Lobby and U.S. Foreign Policy”

Cyril Black Memorial Lecture:
2006: Adam Michnik, “A Dictator’s Past: The Cleansing of Collective Memory”
2005: Valerie Bunce, “The United States and Democracy Promotion: Learning from Postcommunist Eurasia
2004: None -- Andrei Illarionov, invited but cancelled
2003: Thomas Carothers, “Democracy by Force: Iraq and the Future of Sovereignty”
2002: Strobe Talbott, “Russia and the West under Yeltsin and Putin”
2001: Susan Woodward, “Surviving Milosevic: The Construction of ‘Normal States’ in the Balkans”
2000: Zbigniew Brzezinski, “The Transformation of Russia”
1999: Richard Holbrooke, “Peacemaking in the Balkans”
1998: David Remnick ’81, “Ten Years Reporting from Russia: New Worlds, Old Worlds”
1997: Jack Matlock, “Russia, Where to Next?”