Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Leader of Iran sanctions group launches non-profit to fight terror financing

Published 22/09/2014, 19:42
Leader of Iran sanctions group launches non-profit to fight terror financing

By Emily Flitter

NEW YORK (Reuters) - The leader of a Manhattan-based non-profit that tries to put pressure on Iran by publicly criticising people and firms who do business there announced on Monday he is launching a new non-profit devoted to tracking terrorist financing.

The announcement comes less than two weeks after an unusual move by the U.S. government to intervene in a private lawsuit against the group, United Against Nuclear Iran.

Mark Wallace, chief executive of UANI, said his new group, called the Counter Extremism Project, will employ teams of translators and researchers to identify terrorist organizations around the world along with their financial backers. It will then use publicity campaigns to name and shame the backers.

Wallace's group UANI has been employing a similar name-and-shame strategy to keep people and companies from doing business with Iran until UANI is satisfied that Iran has abandoned any nuclear weapons ambitions. A Greek businessman, Victor Restis, sued UANI in federal court last year for defamation after the group claimed Restis had been exporting oil from Iran.

On Sept. 12, lawyers for the U.S. Justice Department moved to have that case dismissed, making a rare intervention in a private lawsuit and invoking the state secrets privilege.

The Justice Department lawyers claimed the suit could "cause harm to national security" if it were allowed to proceed. They did not offer any description of the nature of the secret information that might be revealed in the case.

"We want to harness the tools and lessons of many of the groups that have come before us," Wallace said at a press conference announcing the launch of the Counter Extremism Project.

He said the group, which already has operations in New York and Brussels, planned to open more offices around the world. He said it would try to "partner" with governments and "supplement" their efforts to combat terrorism, but did not give details about how that would happen.

Wallace said the group will use publicly available information as well as subscription-based data services to identify and track sources of terrorist financing.

He said private donors were funding the new group, but he declined to reveal their identities or the identities of UANI's backers, saying his decision not to disclose them was "really about safety and security rather than secrecy."

UANI and the Counter Extremism Project will have offices in the same space in Manhattan, Wallace said. The groups share some of the same advisory board members, including Gary Samore, the former White House Coordinator for Arms Control and WMD Terrorism, and August Hanning, the former director of Germany's federal intelligence service.

(Reporting By Emily Flitter; Editing by David Gregorio)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.