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Sanctions: US approves transfer of anti-surveillance software to Iran

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.




 
BizLawCentral: US Treasury's guidance on lawyer's fees in blocked funds cases

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 Risk Professional: USA reaches 100 failed banks so far in 2010

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 fai...

Business : Kenmark's problems continue

Malaysia's Kenmark Industrial Malaysia Bhd (a public company) continues to deliver bad news. It's not enough that the senior management ran away (not resigned, just ran away) and that the KLSE fr...

BizLawCentral: World Money Laundering Report Volume 9 Number 2 published

In this issue published 8 July 2010:

Fraud: another Iraq soldier wants to send you money

As news spreads of convictions of US soldiers convicted of a variety of financial offences in Iraq, spam-scammers are once more using the familiarity such stories bring to the news headlines as a...

Advertising: Aus Trade Practices Act proceedings for false claims

The Australian Competition and Consumer Commission has instituted legal proceedings in the Federal Court against Auscha Corporation Pty Ltd and its Products Development Officer, Nagarajah Rajkuma...

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