The global economy of today exists in two parallel realms: the surface economy that is circumscribed by international and domestic regulation and oversight; and the shadowy economy that is large, amorphous, and fast-growing. Money laundering feeds this shadow economy, and it creates many domestic and international security risks, including the financing of nefarious non-state actors, promoting corporate and individual tax evasion, worsening economic inequality, and sustaining organized criminal activity. Leaks in recent years such as the Panama Papers, Russian Laundromat, and FinCEN only give us a glimpse of the problem. Yet the main bodies in charge of oversight of this space, such as the Financial Action Task Force (FATF) have a very limited focus, and even a political agenda of their own. For example, the FATF ranked United Kingdom’s (UK) compliance as the best in the world, although it is still marred by inefficiencies and is a work-in-progress.
Beyond Autopilot: Unmanned Systems and their Dual Use Potential
Unmanned systems, driven by rapid technological advancements, have become pivotal not only in the military domain but in civilian arenas also because of their dual nature. So far, most of the available literature looks at the military utility of unmanned systems only. However, this article sheds light on the usefulness of
12 views
How Vulnerable is the Aviation Industry to Cybersecurity Risks?
The aviation industry has embraced widespread digitalisation over the past decade to improve passenger experience and operational efficiency. However, according to the UN’s International Civil Aviation Organisation (ICAO), this advancement has exposed the industry to increasing cyber-attacks. Notably, a major cyber-attack against a global IT supplier in February 2021 underscored
33 views
Daniel McDowell, Bucking the Buck
Daniel McDowell’s book Bucking the Buck: US Financial Sanctions and the International Backlash against the Dollar is a notable addition to the literature on the de-dollarisation trend and its underlying motives. In it, McDowell critically analyses the influence of the overuse of economic sanctions by the United States (US)
44 views
© 2022 CASSTT ALL RIGHTS RESERVED
Developed By Team CASSTT
Contact CASS
CASS (Centre for Aerospace & Security Studies), Old Airport Road, Islamabad
+92 51 5405011
cass.thinkers@casstt.com
career@casstt.com
All views and opinions expressed or implied are those of the authors/speakers/internal and external scholars and should not be construed as carrying the official sanction of CASS.