Former U.S. Treasury Sanctions Chief on Using Financial Tools to Protect National Security
Intelligence Matters
CBS News
4.6 • 3.3K Ratings
🗓️ 7 July 2021
⏱️ 40 minutes
🧾️ Download transcript
Summary
In this episode of Intelligence Matters, host Michael Morell speaks with Sigal Mandelker, Former Under Secretary for Terrorism and Financial Intelligence at the U.S. Treasury Department, on the intersection between financial technology and national security. Mandelker explains how incentivizing investment in financial technology is imperative for economic security in the global competition against China. Mandelker discusses her time overseeing the Treasury Department’s sanctions against North Korea and offers thoughts on how the Biden administration can protect the U.S. from ransomware.
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Transcript
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| 0:00.0 | This is Intelligence Matters with former acting director of the CIA, Michael Morrell. |
| 0:06.7 | Brought to you by Lockheed Martin. |
| 0:08.8 | Your mission is ours. |
| 0:10.8 | You know, there's no question that crypto has become the mechanism of choice for ransomware. |
| 0:16.7 | They find that, uh-oh, when they use Bitcoin, it all travels on a public ledger. |
| 0:21.4 | It's very traceable. |
| 0:22.8 | It's immutable and effectively because it's a public ledger and it's actually giving |
| 0:27.8 | law enforcement an incredible tool to actually find them, identify them, disrupt them, seize |
| 0:33.2 | their crypto. |
| 0:34.2 | Crypto actually gives you and blockchain analytic tools give you the opportunity to detect |
| 0:41.7 | and disrupt national security threats in a way that I think is very, very important. |
| 0:46.9 | There's all kinds of really sophisticated and fascinating ways that you can use those |
| 0:51.3 | technologies to counter corruption because of the nature of the technology. |
| 0:57.1 | You need to have a national strategy to incentivize that financial technology out of the United |
| 1:03.4 | States. |
| 1:04.4 | That should be something that's really driven in the White House with the National Security |
| 1:07.2 | Council and the National Economic Council. |
| 1:08.8 | And I know there are lots of people, you know, who are really thinking about this problem. |
| 1:16.7 | Segal Mendelker is an expert in finance and national security. |
| 1:21.2 | From 2017 to 2019, she served as the Undersecretary of the Treasury for Terrorism and Financial |
| 1:27.1 | Intelligence. |
| 1:28.1 | During her career, she also served in the Department of Justice, the Department of Homeland Security, |
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