Featured Proliferation Financing

Banks Seek Biden’s Aid After Trump’s 1,000-Sanctions-a-Year Pace

Wall Street firms have urged the Biden administration to ease the industry’s burden in complying with a flood of financial sanctions the U.S. has levied in recent years as a primary tool of foreign policy toward Russia, China, Iran and other adversaries. Financial services industry groups have asked for more… Read More

Jordan’s Lower House deliberates draft anti-money laundering law

The Lower of House on Monday embarked on deliberations over the draft anti-money laundering and counter-terrorism financing law, which proposes stricter penalties for such crimes. The draft is part of Jordan’s international commitment to anti-money laundering and counter-terrorism financing and the non-proliferation of weapons of mass destruction pursuant to the… Read More

Philippines banks have medium risk exposure to money laundering, terror financing

Domestic banks and other financial institutions have a medium risk exposure to money laundering, terrorist and proliferation financing, according to the result of the Third Sectoral Risk Assessment (SRA) conducted by the Bangko Sentral ng Pilipinas (BSP), Anti-Money Laundering Council (AMLC) and other relevant institutions. BSP Governor Benjamin Diokno said… Read More
22nd March 2021
More than 1,500 suspected gangsters have been arrested in Britain’s biggest organised crime investigation, figures show. Cocaine and heroin with a street value of hundreds of millions of pounds, as well as more than £56 million in cash and 115 guns have been seized as part of the investigation into… Read More
19th March 2021
A company newly sanctioned by the U.S. over Alexei Navalny’s poisoning attack is tied to the money-laundering network that Natalia Veselnitskaya tried to cover up at the infamous 2016 Trump Tower meeting, according to financial records obtained by The Daily Beast. Now we know why Vladimir Putin was so… Read More
19th March 2021
The Financial and Capital Market Commission (FCMC) has imposed a fine of EUR 57,217 on ABLV Asset Management for breaches of anti-money laundering and counter-terrorism and proliferation financing (AML/CTPF) laws, the regulator informed LETA. The FCMC and ABLV Asset Management, have entered into an administrative agreement, imposing a fine of… Read More
5th March 2021
The U.S. and U.K. are weighing additional penalties against Russia over the use of chemical weapons, with options ranging from sanctions against oligarchs to the extreme step of targeting the nation’s sovereign debt, according to people familiar with the matter. British officials plan to push for the Organisation for the… Read More
4th March 2021
The United States says it is “deeply concerned” over the release from pretrial detention of a Kyrgyz organized-crime figure for whom Washington has offered a $1 million reward. In a statement on March 3, the U.S. Embassy in Bishkek described Kamchy Kolbaev as a “transnational organized-crime… Read More
3rd March 2021
The Financial Action Task Force (FATF) launched a public consultation on Monday seeking public- and private-sector feedback on pending guidance that would task financial institutions with doing more to stop the proliferation of weapons of mass destruction. The consultation marks the second such call by the intergovernmental organization, which in… Read More
2nd March 2021
Iran rejected a European Union offer to hold direct nuclear talks with the U.S. in the coming days, risking renewed tension between Tehran and Western capitals. Senior Western diplomats said Iran’s response doesn’t quash the Biden administration’s hopes of reviving diplomatic efforts to restore the 2015 nuclear deal, struck between… Read More
24th February 2021
By Khadija Sharife and Mark Anderson, OCCRP, 22 February 2021 OCCRP — In January 2020, at the Turkish port of Derince on the eastern shores of the Sea of Marmara, a huge cache of weapons was loaded onto the MV Storm. Registered in the tax haven of Vanuatu,… Read More
23rd February 2021
In early December, an Israeli billionaire named Dan Gertler made an unusual request to the Treasury Department. A mining magnate who had been accused for years of corruption in deals he struck with leaders of the Democratic Republic of Congo, Mr. Gertler had been slapped with… Read More
22nd February 2021
A United Nations report accuses Blackwater founder Erik Prince of assisting in violations of an international arms embargo on Libya, placing the military contractor at risk of U.N. sanctions, according to a diplomat with access to the report. The report by the U.N. Panel of Experts that monitors the ban… Read More