Sep 09, 2017
Cadwalader partner Joseph Moreno gave testimony on “Combatting the Financing of Lone Wolf and Small-Scale Terrorist Attacks” before the U.S. House of Representatives Committee on Financial Services, Subcommittee on Terrorism and Illicit Finance.
Moreno, who focused on terrorist financing and money laundering issues while a federal prosecutor with the U.S. Department of Justice’s National Security Division, was part of a four-member panel of experts that discussed the tools and capabilities that can be effective in combatting lone wolf terrorist attacks, and ways that law enforcement and the financial sector can better collaborate.
“Identifying and preventing lone-wolf or small-scale terrorist attacks presents a unique set of challenges,” Moreno told the House subcommittee. “It may be tempting to conclude that disrupting and preventing these attacks cannot be addressed through law enforcement tactics or legislative solutions. However, it is encouraging that, through discussions such as the one we are having today, we can explore ways to use our existing prosecution tools and financial reporting structures, while looking for new ideas to allow the public and private sectors to work together to address this threat.”
Moreno focuses his practice on corporate internal investigations and civil and criminal enforcement proceedings. He has represented a wide range of corporate and individual clients in the financial services, life sciences, energy, manufacturing, and national security sectors on matters involving bribery, money laundering, accounting and securities fraud, tax conspiracy, and other violations.
Also providing testimony to the House subcommittee were Dr. Matthew Levitt, Director of the Stein Program on Counterterrorism and Intelligence of the Washington Institute for Near East Policy; Seamus Hughes, Deputy Director of George Washington University’s Program on Extremism; and Frederick Reynolds, Global Head of Financial Crime Legal at Barclays.
The written and video testimony can be found at https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=402265.
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Partner Chris Gavin will speak on a panel addressing "Securitization & Cash Execution."