This show was planned before the terrible attack at the Belgium airport. But, after that horrible incident, this issue seems even more critical to understand. Terrorist funding is a huge business that is haunting legitimate industries and citizens. The size of the entire black industry and laundered money business is estimated to be in the hundreds of billions to possibly over a trillion dollars each year. If this industry were a country, it would be the 15th largest country in the world in GDP size behind Spain. Of this pie, terrorism funding is a huge slice. What percentage is this slice is hard to know according to terrorism funding expert Amit Kumar. But what we do know is that it is a very large part of the equation.
This episode of Business Game Changers we talk with terrorism export, Amit Kumar, about the financing of terrorism. Mr. Kumar previously worked with the Al-Qaida Taliban Sanctions regime at the United Nations where he offered substantive advice to the Al-Qaida and Taliban Sanctions Regimes on matters related to the implementation of Assets Freeze Sanctions measures against the Al-Qaida and Taliban, as well as issues relating countering the financing of terrorism. He is President of AAA International Security Consultants LLC and is widely recognized as a leading authority in international security, counterterrorism and counter-terrorist financing.
Also, as a special tribute to the victims of terrorism around the world this episode features a special song originally composed just for this show by William Camilleri.