Targeting Islamic State Headquarters Training camps and combat vehicles. Strikes against the Khorasan Group was carried by the us alone. But five arab nations did participate in the third phase of the operation which began after midnight. It focus odd Islamic State targets near the border with iraq. That rollings gave president obama gave him some cover for opening a new front for the islamic take the. And the president he made sure to highlight the arab partners in his remarks today. I also made sure that america would act as coalition. Thats exactly what we have done. We are joined in this action by our friends and partners. Saudi arabia, the united emrates, jordan, bahrain, and qatar. The strength of this makes it clear to the world that this is not americas fight alone. And when asked about the length of the campaign. Pentagon officials quarnd it could go on for years. Could this take years . I would think of it in terms of years. I can tell you that last night strikes were only th
Targeting Islamic State Headquarters Training camps and combat vehicles. Strikes against the Khorasan Group was carried by the us alone. But five arab nations did participate in the third phase of the operation which began after midnight. It focus odd Islamic State targets near the border with iraq. That rollings gave president obama gave him some cover for opening a new front for the islamic take the. And the president he made sure to highlight the arab partners in his remarks today. I also made sure that america would act as coalition. Thats exactly what we have done. We are joined in this action by our friends and partners. Saudi arabia, the united emrates, jordan, bahrain, and qatar. The strength of this makes it clear to the world that this is not americas fight alone. And when asked about the length of the campaign. Pentagon officials quarnd it could go on for years. Could this take years . I would think of it in terms of years. I can tell you that last night strikes were only th
Production you would be familiar with the processes and the targets and things like that . In terms of the military targets . Yeah, youre sitting there, youre fairly comprehensive in this report here, are you in that room is all im asking . We are linked up closely with the Defense Departments in terms of the overall level. But on a scale of one to ten how committed are you to stopping the oil revenues from coming in, the administration, one of ten . I would give that a ten, congressman . Okay, so why didnt you stop it this afternoon . You really want to do it, youre in the room. You can stop it today. You can move 30,000 barrels of oil basically is what the report is saying. That sells anywhere from 25 to 60 a barrel, resulting in 3 4 of a Million Barrels of oil. To move 350 barrels requires trucks. Now the report talks about choking off the funding for insurance. The insurance could cut the insurance off themselves, you dont have to truck one Insurance Company down. It is the trucks
Something that is slapped together. So its being put together by people right there. I dont get the sense that this is being imported. To the extent that im wrong that this is something more sophisticated my sense is this has happened some time ago. Once the oil is refined you have testified that the assad regime is purchasing some of the oil. Some of it is being smuggled into the southern regions of turkey where you said the price of gasoline is higher than we would expect here. If you are purchasing barrels of oil at 30 or so a barrel you have reason to know this may be illicit oil. Are we doing enough as treasury of the United States to determine who the middle men are that are purchasing oil at 30 a barrel and make sure we are following that money into what accounts . That is exactly what they are doing, identifying the middle men. That is what i discussed more explicitly in my testimony. There is also a significant more diplomatic push to get the turks to do more in southern turke
I commend you for pushing it through the house i had help even from the other side. Exactly. The way that it will be used and be effective is that it allows the federal regulators to rely on state examinations for purposes of overseeing compliance with antiMoney Laundering regulations, that will expand our ability to get insight into the quality of the antiMoney Laundering efforts out in the across the country, particularly in the Money Services industry. And that will, i think, enhance the confidence that Financial Institutions have in taking on Money Service businesses as customers. So to get back to the derisk in question. What we are hoping to foster is an environment where institutions do in fact engage in a continue, really, to engage in a balance of risk, and the Better Foundation for that risk assessment, i think the better off we all are. Thank you. I want to say, i would like to work with you to help more Financial Institutions understand whats available under the act. Let me