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Iran courts jail 30 men for economic crimes after public outcry

Fast-track courts set up in Iran to fight economic crime have jailed 30 men for up to 20 years each, the judiciary said on Sunday, as the country faces renewed U.S. sanctions and a public outcry against profiteering and corruption. The new Islamic revolutionary courts — whose rulings cannot be… Read More

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

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 Malta’s banking regulator has also previously recommended that the licence be withdrawn.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
10th December 2018
Fast-track courts set up in Iran to fight economic crime have jailed 30 men for up to 20 years each, the judiciary said on Sunday, as the country faces renewed U.S. sanctions and a public outcry against profiteering and corruption. The new Islamic revolutionary courts — whose rulings cannot be… Read More
7th December 2018
Like many top Chinese executives, Meng Wanzhou is a mysterious figure even in her home country, but the 46-year-old chief financial officer of Huawei Technologies had been widely tipped to one day take the helm of the tech giant her father founded. That was until her shock arrest in Canada… Read More
6th December 2018
Iran’s parliament approved a tweaked draft law against funding terrorism on Wednesday which officials hope will bring Tehran closer to global standards and help remove it from investment blacklists as it faces renewed U.S. sanctions. The official news agency IRNA said lawmakers had included amendments requested by a powerful clerical… Read More
5th December 2018
The United States is pressing the European Union to consider economic sanctions on Iran over its ballistic missiles, a senior U.S. official said on Tuesday, warning of a wider regional conflict if Tehran’s ambitions remain unchecked. Iran’s test of a ballistic missile this month alarmed the West and France called… Read More
12th November 2018
Iranian special courts set up in a drive against economic crime have sentenced two people to death, state media said on Sunday, as the country faces renewed U.S. sanctions and a public outcry against profiteering and corruption. The fast-track Islamic revolutionary courts were set up in August after Supreme Leader… Read More
7th November 2018
The Financial Markets Supervisory Authority (Finma) has urged firms to update their policies in line with new information issued by global anti-money laundering body the Financial Action Task Force (FATF). New documents published include FATF’s Public Statement urging members to apply a number of counter measures to countries with ‘serious… 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
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
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
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Iran courts jail 30 men for economic crimes after public outcry

Fast-track courts set up in Iran to fight economic crime have jailed 30 men for up to 20 years each, the judiciary said on Sunday, as the country faces renewed U.S. sanctions and a public outcry against profiteering and corruption. The new Islamic revolutionary courts — whose rulings cannot be… Read More

Police arrest over 200 fake-cash ‘customers’ after counterfeit money agent jailed

Law enforcement agencies across Europe have taken action against suspects who bought counterfeit euro banknotes on illegal platforms on the Darknet. In total, almost 300 house searches were conducted in 13 different countries and 235 suspects were detained. Law enforcement also seized around 1 500 counterfeit euro banknotes. Read More