Blockchain in every port to curb misinvoicing suggests Tech for Transparency initiative
A new initiative called Tech for Transparency is calling for concept notes from parties interested in participating in its efforts to implement blockchain in every port and logistics transit point to ensure accuracy and integrity of global trade data. The initiative is being promoted by…
Bankers, lawyers and accountants who enable financial crime must face punitive sanctions says UN panel
Stronger laws and institutions are needed to prevent corruption and money laundering while bankers, lawyers and accountants who enable financial crime must face punitive sanctions says a UN panel. The High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI)…
European payment channel to bypass US sanctions and trade with Iran prone to abuse
Germany, France and the UK have set up a payment channel with Iran called Instex, to help continue trade between the European countries and the Islamic Republic whilst circumventing US sanctions. In response, the US has said that the European powers are unlikely to live…
