Chinese/Sufi Parable:
“If you lost your key in the house, why are you looking for it under the street lamp?”
“The power is out.”
Banks and other financial institutions cannot monitor every $100 transaction or notice every time someone with a potentially suspicious background rents a truck. Yet because countering terrorist financing remains the job of treasuries and finance ministries, governments will keep looking in the wrong places. As the saying goes, ‘If all you have is a hammer, everything looks like a nail.’ As long as these ministries are in charge, that will not change.
Peter Neumann Foreign Affairs, NOV/DEC 2017 at 150
