Episode 144: Dennis Lormel – Terrorist Financing, Money Laundering

Retired agent Dennis Lormel served in the FBI for 28 years. During his career, he gained extensive major case experience as a street agent, supervisor and senior executive, particularly in complex financial related investigative matters. In this episode of FBI Retired Case File Review, Dennis Lormel reviews terrorist financing and money laundering. Shortly before the 9/11 attacks, he was promoted to Chief of the FBI’s Financial Crimes Program. He immediately established an investigative organization within the FBI that, within days, identified the funding stream that supported the terrorist attack. His efforts evolved into the formation of a formal section within the Counterterrorism Division of the FBI, known as The Terrorist Financing Operations Section. This multi-agency, multi-disciplined entity attained international recognition as one of the world’s elite operations for tracking, investigating and disrupting terrorist financing activity. For his visionary contributions, Dennis Lormel received numerous commendations to include the Department of Justice Award for Investigative Initiative, and the CIA’s George H. W. Bush Award for Excellence in Counterterrorism. Currently, Dennis Lormel is the founder and President of DML Associates, LLC., providing consulting services and training related to terrorist financing, money laundering, fraud, financial crimes, suspicious activity, and due diligence.

Section Chief (Retired)

Dennis Lormel

1976 – 2003

 

 

 

 

 

 

“There’s a lot of misnomers about terrorist financing. That it only takes a few dollars to perform a terrorist act, that part is true, but it takes an incredible amount of money to fund an organization.”

 

The following links are to FBI website articles on terrorist financing and money laundering:

FBI.gov Website: Terror Financing – Tracking the Money Trails

FBI.gov Website: Combating the Growing Money Laundering Threat

 

Dennis Lormel’s flow chart tracking the source, methods and access of funds used for terrorist financing.

 

 

 

 

 

 

 

 

 

 

 

 

Jerri Williams

View posts by Jerri Williams
Jerri Williams, a retired FBI agent, author and podcaster, jokes that she writes about the FBI to relive her glory days. After 26 years with the Bureau specializing in major economic fraud and corruption investigations, she calls on her professional encounters with scams and schemers to write police procedurals inspired by true crime FBI cases in her Philadelphia FBI Corruption Squad crime fiction series featuring flawed female FBI agent Kari Wheeler. Jerri’s FBI for Armchair Detectives nonfiction series enables readers to discover who the FBI is and what the FBI does by debunking misconceptions about the FBI in books, TV, and movies. Her books are available as ebooks, paperbacks, and audiobooks wherever books are sold. She’s also the host of FBI Retired Case File Review, a true crime podcast with more than 300 episodes available on all popular podcast apps and YouTube.

4 Comments

  1. ErnestinaJanuary 10, 2020

    Greate article. Keep posting such kind of info
    on your site. Im really impressed by your site.

    Hello there, You’ve performed an incredible job. I will definitely digg it
    and individually recommend to my friends. I am confident they’ll be benefited from this
    site.

    Reply
    1. Jerri WilliamsJanuary 11, 2020

      Thank you. I have no plans to stop anytime soon.

      Reply
  2. LavonneDecember 17, 2019

    Superb, what a web site it is! This website presents useful facts to us,
    keep it up.

    Reply
  3. zvodretiluretDecember 5, 2018

    I like this web blog very much, Its a rattling nice post to read and receive information.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Scroll to top
Malcare WordPress Security