On Thursday, Nov. 15, Stefano De Angelis, President and CEO of De Angelis & Associates had the opportunity to participate in Universidad Cardenal Herrera's conference on Daesh and Al Queda's Terrorism: Analysis and Prevention. The conference held on Universidad Cardenal Herrera's campus in Valencia, Spain hosted 12 speakers from 9 different countries from across the world. Many attended virtually, as did De Angelis to speak to the 1,500 attendees and 5,000 viewers via the live stream video.
De Angelis represented the United States and shared his expert opinion on two terrorist groups, Boko Haram and Al Shabaab, and their involvement in money laundering across Europe and the U.S.
These groups earn over roughly $400 million in various money laundering cover operations, but their total capital is worth $5 billion. This does not include the earnings of other well-known terrorist organizations such as ISIS and Al Queda.