Financial Transparency Coalition

If you’re the type who’s not to be swayed against banking secrecy by arguments of tax or justice, I’ve got one for you: national security. It is now clear: international banking secrecy is solidifying a growing relationship between Iran and Venezuela – likely putting Iran one step closer to obtaining nuclear power. On Tuesday, at an event hosted by Global Financial Integrity and The American Interest, New York District Attorney Robert Morgenthau spelled out the mounting financial, military, and economic ties between the seemingly “unlikely bedfellows,” Iran and Venezuela. Ideologically the relationship makes sense. Both countries are self-described...

Global Financial Integrity and the American Interest sponsored a briefing by New York District Attorney Robert Morgenthau today which highlighted the growing connection between Iran and Venezuela. From GFI's release:

Addressing an audience of academics, civil society groups, Congressional staff, and journalists, Mr. Morgenthau discussed how the “blossoming relationship” between Iran and Venezuela presented opportunities for Iran to circumvent U.S. and international economic sanctions designed to prevent them from developing long-range missile capacity and nuclear technology for military purposes.

Mr. Morgenthau cited “scores of Memoranda of Understanding” between the two nations with...