Between the Lines (BTL)
Intelligence for a world shaped by shadow capital.
Between the Lines (BTL) Research is an independent intelligence and strategic analysis platform created by Adam Rousselle.
BTL investigates illicit finance, geopolitical risk, and the shadow liquidity systems that increasingly shape global power — far beyond the reach of traditional media, compliance, or legacy policy frameworks.
BTL’s work is grounded in proprietary analytic models that map how states, proxies, criminal networks, and financial actors operate across gray zones where oversight is weakest and stakes are highest.
Shaping the Narrative That Shapes the System
BTL’s research has been recognized at the highest levels of global financial and institutional governance.
In 2025, BTL founder Adam Rousselle was cited seven times in the Financial Action Task Force (FATF) Comprehensive Update on Terrorist Financing Risks — making him the most-cited individual author in the entire report, a distinction typically reserved for major institutional teams and multi-agency studies.
Adam’s work has also been cited in high-level reports from:
the United States Department of Defense (DoD)
the United States Senate
the United Nations (UN)
multiple leading global think tanks and policy journals
BTL exists to provide uncompromised insight into how power actually functions in a world defined by contested liquidity and informal capital.
Intelligence, Not Opinion
BTL delivers high-trust, early-access briefings on illicit finance, emerging liquidity systems, and the geopolitical architectures that structure twenty-first-century conflict.
If you’re tired of recycled think-tank content and need signal before it reaches the mainstream, this is your edge.
A reader-supported publication, BTL offers paid subscribers access to exclusive briefings and in-depth analysis unavailable anywhere else.
Mission & Doctrine
Mission
Between the Lines (BTL) exists to illuminate the financial architectures that shape modern power.
Our mission is simple:
Map the unseen systems that shape modern power.
BTL provides intelligence designed for decision-makers who require clarity where conventional reporting fails — in the spaces where states outsource risk, criminals become financial actors, and liquidity, not territory, becomes the medium of competition.
We do not chase headlines.
We define the patterns beneath them.
Doctrine
BTL’s work is guided by three foundational principles:
1. Liquidity is Power
In the twenty-first century, sovereignty is exercised through control of value flows, not borders.
Actors who command liquidity — licit, illicit, or hybrid — shape outcomes more decisively than those who merely command territory or rhetoric.
Traditional geopolitics begins with states.
BTL begins with capital architectures, because that is where power now resides.
2. Illicit Finance Is Not a Criminal Nuisance — It Is a Strategic System
Illicit liquidity networks are no longer peripheral phenomena.
They are primary infrastructure for states, proxies, and transnational actors who operate beyond formal accountability.
Money laundering networks, crypto rails, cross-border informal transfers, and shadow reserves are not symptoms of disorder —
they are the parallel financial system in which modern competition takes place.
Understanding them is not optional.
3. The Future Belongs to the Actors Who Master the Gray Zone
BTL’s analytical frameworks are built around the reality that most consequential financial activity now occurs in:
unregulated channels
digitally mediated dark pools
capital-flight loops
offshore liquidity nodes
proxy-mediated cross-border structures
state-criminal convergence zones
These are not exceptions.
These are primary arenas of twenty-first-century power.
Institutional Partnerships
BTL works selectively with financial intelligence firms, enforcement bodies, private-sector risk teams, and research organizations.
Engagements typically focus on:
emerging threat-finance architectures
shadow liquidity and offshore capital systems
cross-border flight networks and OTC ecosystems
informal financial infrastructures in conflict and gray zones
strategic insight for decision-makers who require analysis beyond public reporting
Partnerships are individually structured around the specific intelligence needs of the institution.
Why Subscribe?
Because understanding how power moves — through capital, conflict, and coercion — is no longer optional.
Founding Members gain access to unreleased intelligence products, deep-dive briefings, and high-trust analysis that does not appear in public channels.
Reach Out
For institutional inquiries or briefing requests:
📧 info@btl-research.com
🔒 Founding Member and institutional pricing available upon request
Please note: This platform does not tolerate support for designated terrorist organizations or other sanctioned entities. Comments violating this standard will be removed and offending parties removed permanently. Thank you.
