The phrase “money laundering” conjures images of suitcases crammed with $100 bills being snuck across the border by a drug cartel courier, and funds being wired into and out of bank accounts in a dizzying series of globe-circling transactions. Those are apt examples of two of the three main methods of scrubbing clean illicit funds […]
Yesterday, I mentioned in a blog post that Eimskip, the Icelandic shipping company, recently moved its North American hub from Norfolk, Virginia to Portland, Maine. This will be the American port’s first direct connection to Europe in 33 years, according to an excellent, fact-filled article in the Press Herald, a local newspaper. Eimskip’s decision is in line […]
Russian Prime Minister Vladimir Putin’s administration is trying to get a leg up on development of the Northern Sea Route. Earlier this week, Secretary of the Security Council Nikolai Patrushev stated to RIA Novosti that the amount of state supervision and control over the Northern Sea Route was “not acceptable,” especially in the eastern part. […]