Financial Transparency Coalition

Following Several, Recent, High-Profile Cases Against International Banks for Violating U.S. Sanctions Against Iran, the Iranian Rial Lost 60% of its Value against the U.S. Dollar Last Week. Could There Be A Connection?

Iran's currency is in free-fall. After a slow slide throughout 2012, the Iranian Rial all of the sudden took a dive this week, according to CNN:

WASHINGTON, DC – The allegations levied yesterday by the New York State Department of Financial Services against British banking giant Standard Chartered demonstrate a systemic, widespread pattern of disregard for anti-money laundering policies at one of the world’s biggest banks, according to Global Financial Integrity, a Washington, DC-based research and advocacy organization.

With some notable exceptions, most scholars and politicians believe the world should limit the proliferation of nuclear weapons. For the overwhelming majority of countries, this is not a problem. Most countries do not have the resources—or more importantly the aspirations—to gain nuclear capabilities. But the problem with nuclear weapons is that even one of these weapons in the wrong hands could inflict overwhelming injury to thousands. Which is why the world doesn’t just need a majority consensus; it needs a complete consensus. The international community has a few tools to limit nuclear proliferation. The most notable of these is...