The new Pope Francis is clearly a well-intentioned man. But all his austerity measures, personnel changes, and efforts at transparency will do little to change its century-old insolvency problem. Now, more than ever, the Vatican needs money.
As United Nations representatives meet to hammer out a Global Arms Trade Treaty (ATT) in New York this week, they must take into account the role of corporate secrecy in facilitating illegal arms trafficking and other crimes around the world.
As our government of the richest and mightiest country in the world is incapable of effecting retribution, we can only implore the divinity: please see to it that really bad things happen to these really bad people.
The West should do three things right away. First, we should eliminate anonymous shell corporations, so no criminal can hide nefarious actions behind an innocent-sounding Delaware LLC or Cayman Islands trust.
Rare is the Congressional bill whose upsides so lopsidedly outweigh its downsides. With one piece of legislation, Congress can make significant inroads to combat terrorism, drug trafficking, illegal arms deals, corruption, money laundering, and tax evasion.
After a mostly sleepy summer and fall, California's initiative campaigns are concluding in a paroxysm of the bizarre. Here's the latest in the wild banana republic-style funding action, and a forecast of the outcomes of the various initiatives on the ballot.
Wall Street has become a place where real financial fraudsters go unpunished while inflated cases like this get the attention especially when a demonized "evil doer" like Iran is said to be involved. Real crimes like the way sanctions hurt ordinary Iranians go unreported.
Wal-Mart now has until August 28 to become transparent. For a company that says it has no gray areas, Wal-Mart remains a remarkably opaque company. Only a business with something to hide would stone-Wal Congress this way.
Standard Chartered Bank has agreed to settle charges that it engaged in as much as $250 billion of illicit banking transactions on behalf of Iran in recent years. But this is not the end of its troubles. It's just the beginning.