In a little noticed action, the USA has issued a licence to a Californian company to export its products to Iran. Surprising in itself, it's the nature of the product that raises eyebrows. The US bans a wide range of encryption software and related tech. from export to Iran. But it now allows the sale of a specific piece of encryption software that is designed to defeat the attempts of the Iranian government to control to monitor internet use.

It was the race that never was: Ferrari, streaking away in what looked like a two horse race, shackled Massa, told him to let Alonso through and, in doing so, secured themselves a USD100,000 fine. They laughed it off but it's not over yet.

More than 150 passengers and crew aboard an 8 year old Airbus A321 has crashed on a domestic flight in Pakistan. AirBlue says it's not the quality of the aircraft, maintenance or crew that is to blame.

The US Treasury's Office of Foreign Asset Control (OFAC) has issued revised guidance covering the case where listed persons whose assets are frozen may use some of those assets to pay legal fees.

The USA's secret banking crisis continues. Small banks are failing by the handful. More than 100 have failed so far this year and the dubious accolade of being the 100th falls to the first to fail this year in Kansas - Thunder Bank which was little more than a pocket money bank.

World Money Laundering Report Volume 9 Number 3 is published today.

In this issue

The USA's Department of Transportation has granted immunity to four airlines against uncompetitive practices.

My Acer laptop being out of commission due to rubbish service from the appointed service engineers, I'm racing around looking for a new machine to an imminent trip. Buying a laptop is the most stressful decision after buying a house, deciding to divorce and finding that your nice new car isn't all you expected it to be.

Microsoft has issued a warning that it has identified a serious flaw in the shell of its Windows operating system - it affects almost all computers running the Windows operating system where removable drives are used. That includes all sticks, hard disks and other devices running via USB ports.