Munich Security Conference 2017 seeks to find billions to rebuild Syria

With Syria peace imminent, debate begins at the 2017 Munich Security Conference over whether aiders and abetters should be held accountable to pay
(PR NewsChannel) / February 6, 2017 / MUNICH, Germany 
Deutsche Bank - Munich Security Conference

Deutsche Bank admitted it failed to prevent $10-billion of Russian money-laundered funds.

As peace nears in Syria, reconstruction is now the lead topic at the upcoming 2017 Munich Security Conference. The projected cost is hundreds of billions, maybe reaching a trillion.

“The international community must be ready, not with an open checkbook, but a new model of funding,” says Thomas Creal, lead forensic accountant for Task Force 2010 in Afghanistan and former United Nations sanctions expert, regarding this issue that will be discussed at the Munich Security Conference (MSC).

The United States spent $110 billion on Afghanistan’s postwar reconstruction, more than the cost of the Marshall Plan, which rebuilt a devastated Europe after World War II. Investigative units have consistently reported that billions of dollars were stolen from the U.S. monies spent in Afghanistan, plus the nation is not rebuilt or secure.

“The international community cannot afford to make these same mistakes,” says Creal. “Gaining momentum and currently a hot topic on radio talk shows is how we should hold those that caused the damage and aided and abetted in the financing of the war, accountable for the rebuilding costs.”

An online petition started by Creal advocates such a model.

“The ideal model is close to becoming reality. Look at the settlements by banks for failing to catch money laundering or monies tied to sanctioned countries,” says Creal.

Recently, HSBC settled for $2-billion; BNP Paribas for $9-billion; Commerzbank AG for $1.5-billion; and one week ago, Deutsche Bank admitted it failed to prevent $10-billion of Russian money-laundered funds.

(Learn more about the Munich Security Conference:

2017 Munich Security Conference

The 2017 Munich Security Conference agenda focuses on the future of transatlantic relations and NATO after the election of Donald Trump, the state of EU cooperation in security and defense matters, the Ukraine crisis and relations with Russia, the war in Syria, and the security situation in the Asia-Pacific.

“Next year could be the most consequential for Europe since the Berlin Wall fell, or maybe even since the end of World War II,” argues Munich Security Conference chairman Wolfgang Ischinger in an op-ed for TIME. “It is no exaggeration to say that the European Union’s future lies in the balance.”

The model being discussed at the Munich Security Conference is one that pursues the wartime entrepreneurs, arms dealers, the black oil market, bankers that funded the terrorists and all those that aided and abetted in the war crimes.

Creal adds: “The fact is these aiders and abettors have caused hundreds of billions of dollars in damages and have unjustly enriched themselves the same amount, thus it is clear that they should pay for the reconstruction.

“It is simple mathematics. Look at the settlements by the banks for their failures for not stopping laundered monies or funds tied to sanctions. Just think what the settlements will be for the banks that were willfully active with the warlords and money movers that are tied to the acts of war.”

ONLINE: Petition to hold terror financiers responsible for funding terrorism

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