Middle East & North Africa

"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..."

John S. Park, Stanton Nuclear Security Junior Faculty Fellow at the Massachusetts Institute of Technology and Project on Managing the Atom Associate, argues that cooperation between North Korea and Iran has been a critical—yet underexamined—enabler of North Korea's recent success. He concludes that the time has come for the United States to view the two previously independent missile programs as two sides of the same coin and recommends strategies for disrupting the procurement channels between Iran and North Korea.

"In today's world, nations' access to middle or advanced range technologies such as car industries or nuclear technology, their increased national defensive and deterrent capabilities and thus their more regional political and economic clout, enable them to sway more influence on international and regional public opinion, and thereby express their ways of progress and national confidence. This can challenge the hegemony and power monopoly of great powers such as the United States and pave the way for creating new opportunities to establish regional coalitions by rising states."

A universal Fissile Material Cut-off Treaty (FMCT), which would ban the production of fissile material (separated plutonium, highly enriched uranium (HEU), and uranium-233) for nuclear weapons, has long been seen as a key building block in nuclear disarmament and non-proliferation.