Isis can now ad white collar crime to its growing list of illicit sources of income. This combined with other elaborate schemes including oil smuggling, extortion, and ransom money, is used to play the currency market.
Last month saw an agreement reached between the US department of commerce and the European commission, to update the terms of the previous Safe Harbor agreement. You can read about that more in our previous blog post here; EU – US Agreement reached in Safe Harbor Negotiations.
The US and EU have reached an agreement on a new pact to replace the previous safe harbor, which was made void last year. The new pact, still pending political approval, will be called the ‘EU-US Privacy Shield.’
