In late October, speaking at the Intrepid Museum in New York, U.S. Secretary of Defense Leon Panetta delivered a stark warning. The United States, Panetta said, could soon face a mass disruption event of catastrophic proportions, a "cyber Pearl Harbor" of sorts.
North Korea's successful use last week of a long-range rocket to launch a satellite into orbit has catapulted the Asian rogue state back into the international spotlight. It also has brought back the global danger posed by the Democratic People's Republic of Korea into sharp focus.
The Obama White House is notoriously insular, a quality reflected in its selection process for secretary of state. So far as the country knows, the only two persons that have been seriously considered to be foreign minister of the most important country on earth are Washington insiders who actively campaigned for the job. The qualities desirable—even necessary—to serve the United States well at State have scarcely been mentioned in the controversy over U.N. Ambassador Susan Rice or in the expectation that Massachusetts Sen. John Kerry will be the next secretary.
Money laundering and terrorism financing are global problems that transcend national boundaries, and launderers and terrorists are constantly adapting their techniques to exploit vulnerabilities in the financial system to disguise the movement of funds.