Treasury's War by Juan Zarate
The Unleashing of a New Era of Financial Warfare

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His epilogue sets out "lessons learned" with suggestions for improvement. A bracing account by a knowledgeable authority.
-Kirkus

Synopsis

For more than a decade, America has been waging a new kind of war against the financial networks of rogue regimes, proliferators, terrorist groups, and criminal syndicates. Juan Zarate, a chief architect of modern financial warfare and a former senior Treasury and White House official, pulls back the curtain on this shadowy world. In this gripping story, he explains in unprecedented detail how a small, dedicated group of officials redefined the Treasury’s role and used its unique powers, relationships, and reputation to apply financial pressure against America’s enemies.

This group unleashed a new brand of financial power—one that leveraged the private sector and banks directly to isolate rogues from the international financial system. By harnessing the forces of globalization and the centrality of the American market and dollar, Treasury developed a new way of undermining America’s foes. Treasury and its tools soon became, and remain, critical in the most vital geopolitical challenges facing the United States, including terrorism, nuclear proliferation, and the regimes in Iran, North Korea, and Syria.

This book is the definitive account, by an unparalleled expert, of how financial warfare has taken pride of place in American foreign policy and how America’s competitors and enemies are now learning to use this type of power themselves. This is the unique story of the United States’ financial war campaigns and the contours and uses of financial power, and of the warfare to come.
 

About Juan Zarate

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Juan C. Zarate is a senior adviser at the Center for Strategic and International Studies (CSIS), the senior national security analyst for CBS News, and a visiting lecturer of law at Harvard Law School. Prior to that, he served as the deputy assistant to the president and deputy national security advisor for combating terrorism, and the first ever assistant secretary of the Treasury for terrorist financing and financial crimes. He appears frequently on CBS News programs, PBS's NewsHour, NPR, and CNN, and has written for the New York Times, The Wall Street Journal, Washington Post, and more. He and his family live in Alexandria, Virginia. Follow him on Twitter: @JCZarate1
 
Published September 10, 2013 by PublicAffairs. 514 pages
Genres: Business & Economics, Political & Social Sciences. Non-fiction
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Critic reviews for Treasury's War
All: 3 | Positive: 2 | Negative: 1

Kirkus

Good
on Jun 09 2013

His epilogue sets out "lessons learned" with suggestions for improvement. A bracing account by a knowledgeable authority.

Read Full Review of Treasury's War: The Unleashin... | See more reviews from Kirkus

NY Times

Below average
Reviewed by Bryan Burrough on Aug 31 2013

Fascinating stuff, I grant you, but not quite a fascinating book. Alas, some decent scene-setting aside, the author often writes like a government bureaucrat. In places, the book reads like a white paper.

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Financial Times

Above average
Reviewed by Geoff Dyer on Nov 17 2013

Treasury’s War is a valuable history of a hidden but essential part of America’s response to 9/11. Zarate shows this can help harass an enemy and shape some of its choices.

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