Featured Sanctions

US fully reimposes sanctions on Iran, snapback takes effect

The United States’ sanctions against Iran were fully reimposed on Monday, re-instating its remaining nuclear-related bans that were lifted or waived in connection with the Joint Comprehensive Plan of Action (JCPOA). Treasury’s Office of Foreign Assets Control (OFAC) sanctioned more than 700 individuals, entities, aircraft, and vessels, in a… Read More

Venezuela seeks to repatriate $550 million of gold from Britain – sources

Venezuela is seeking to repatriate about $550 million (423 million pounds) in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters. Venezuela’s hard currency holdings have dwindled as… Read More

Money laundering: Pilatus Bank could lose EU licence

The European Central Bank (ECB) is reportedly looking to revoke the licence of Pilatus Bank, following the arrest of its chairman over money laundering charges and allegations it processed corrupt payments. Malta’s banking regulator has also previously recommended that the licence be withdrawn. The ECB’s supervisory board has… Read More
16th November 2018
A special European Union initiative to protect trade with Iran against newly reimposed U.S. sanctions faces possible collapse with no EU country willing to host the operation for fear of provoking U.S. punishment, EU diplomats said. The main European powers – Germany, France and Britain – will raise pressure on… Read More
15th November 2018
AP — For North Korean factory managers, a visit by leader Kim Jong Un is the highest of honors and quite possibly the most stressful event imaginable. The chief engineer at the Songdowon General Foodstuffs Factory had looked forward to the visit for nearly a decade. Read More
6th November 2018
The United States’ sanctions against Iran were fully reimposed on Monday, re-instating its remaining nuclear-related bans that were lifted or waived in connection with the Joint Comprehensive Plan of Action (JCPOA). Treasury’s Office of Foreign Assets Control (OFAC) sanctioned more than 700 individuals, entities, aircraft, and vessels, in a… Read More
6th November 2018
Venezuela is seeking to repatriate about $550 million (423 million pounds) in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters. Venezuela’s hard currency holdings have dwindled as… Read More
5th November 2018
The United States said on Friday it will temporarily allow eight importers to keep buying Iranian oil when it re-imposes sanctions on Monday to try to force Iran to curb its nuclear, missile and regional activities. U.S. Secretary of State Mike Pompeo, who announced the decision, did not name the… Read More
2nd November 2018
AP — The Trump administration on Friday announced the reimposition of all U.S. sanctions on Iran that had been lifted under the 2015 nuclear deal. The sanctions will take effect Monday and cover Iran’s shipping, financial and energy sectors. It’s the second batch of penalties that the administration has reimposed… Read More
2nd November 2018
Russia imposed financial sanctions on Ukraine’s political elite on Thursday, freezing the Russian assets of hundreds of politicians and officials along with dozens of businesses owned by Ukrainian businessmen. The sanctions were set out in a decree signed by Russian Prime Minister Dmitry Medvedev and were described as counter-sanctions drawn… Read More
1st November 2018
AP – Saudi journalist Jamal Khashoggi was strangled as soon as he entered the Saudi Consulate in Istanbul as part of a premeditated killing, and his body was dismembered before it was removed, a top Turkish prosecutor said Wednesday. Chief Istanbul prosecutor Irfan Fidan’s office also… Read More
30th October 2018
Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. The strategy is meant to cripple Iran’s oil-dependent economy and… Read More
29th October 2018
AP – A battle is brewing between the Trump administration and some of the president’s biggest supporters in Congress who are concerned that sanctions to be re-imposed on Iran early next month won’t be tough enough. As President Donald Trump prepares to re-impose a second batch… Read More
Must Read

EU states still divided over money laundering reform – sources

European Union states are still divided over an overhaul of rules for the supervision of banks against money laundering, two EU sources said on Wednesday. EU confidential documents show countries had agreed a preliminary common stance on the reform proposed by the European Commission in September which would give more… Read More

Former UBS trader jailed for Britain’s biggest fraud deported

Kweku Adoboli, a former UBS trader jailed for Britain’s biggest fraud over unauthorised trades that cost the Swiss bank $2.3 billion (1.7 billion pounds), has been deported to Ghana, his spokesman said. Adoboli was put on a commercial flight from Heathrow on Wednesday after being detained in Scotland earlier in… Read More