There is often a perceived tension between the financial-inclusion and financial-crime agendas. However, the two aims can be complementary, and the emergence of global standards on a ‘risk-based approach’ to anti-money laundering and counter-terrorist finance offer a real opportunity to move the two initiatives forward in tandem.
The latest arrests of terror-suspects in Germany highlight the authorities’ success in preventing attacks in that country. But this episode also represents the increasing threat to the country and the difficulty Germany faces in balancing security with civil liberties.
Georgia’s ‘mini war’ may be over, but its implications will reverberate for years to come. Russian-Western relations will nosedive, and the East Europeans will push both NATO and the EU into adopting more hostile policies towards Russia. The US will also start to take the Russian challenge more seriously. A new ‘Cold War’ is not inevitable, but a hostile climate in East-West relations is now a...
As the conflict between Georgia and Russia unfolded in the Caucasus, the West found itself lacking any kind of meaningful riposte. In fact, the response from international bodies responsible for conflict management has been so timorous that it raises important questions regarding Europe’s collective security agreements.