Nuclear Issues

2 Items

Big Banks and Their Game of Risk

Analysis & Opinions - Bulletin of the Atomic Scientists

Big Banks and Their Game of Risk

| January 21, 2015

"For US regulators, 2014 was a banner year for collecting fines against sanctions violators, according to The Economist. In June, BNP Paribas—France’s largest bank, and one of the largest in the world—agreed to shell out $9 billion to the US Department of Justice for violating sanctions against Cuba, Iran, and Sudan. This past month, US regulators slapped Germany’s Commerzbank—the country’s second-largest bank, with a similar global presence—with a $1 billion fine, after launching an investigation into its dealings with sanctioned countries. The increases in fines have signaled an aggressive, zero-tolerance policy toward violators, as well as a willingness to use the extraterritorial provisions of sanctions, which allow regulators to punish foreign-based banks..."

The Plutonium Mountain Mission: Lessons

Analysis & Opinions - Power & Policy Blog

The Plutonium Mountain Mission: Lessons

| Sep. 27, 2013

In Summer of 2013, The Project on Managing the Atom released “Plutonium Mountain: Inside the 17-Year Mission to Secure a Dangerous Legacy of Soviet Nuclear Testing.” In the report, Eben Harrell and David Hoffman tell how dedicated scientists and engineers in three countries overcame suspicions, secrecy, bureaucracy, and logistical obstacles to secure more than a dozen bombs worth of plutonium that had been left behind at the Semipalatinsk Test Site in Kazakhstan after the collapse of the Soviet Union. Although the outline of the Semipalatinsk operation had been made public before, the report filled in new details.