Featured Sanctions

U.S. readies sanctions, charges over Venezuela food program: sources

The United States is preparing sanctions and criminal charges against Venezuelan officials and others suspected of using a military-run food aid program to launder money for President Nicolas Maduro’s government, according to people familiar with the matter. These actions are expected to be taken within the next three months as… Read More

Hobbling Huawei: Inside the U.S. war on China’s tech giant

In early 2018, in a complex of low-rise buildings in the Australian capital, a team of government hackers was engaging in a destructive digital war game. The operatives – agents of the Australian Signals Directorate, the nation’s top-secret eavesdropping agency – had been given a challenge. With all… Read More

Officials say Iran quadruples production of enriched uranium

AP — Iran quadrupled its uranium-enrichment production capacity amid tensions with the U.S. over Tehran’s atomic program, nuclear officials said Monday, just after President Donald Trump and Iran’s foreign minister traded threats and taunts on Twitter. Iranian officials made a point to stress that the uranium would be enriched only… Read More
21st May 2019
By Iwa Salami, University of East London The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what is perhaps the most profound development since the birth of cryptocurrencies through… Read More
20th May 2019
AP— Across Iran’s capital, the talk always seems to come back to how things may get worse. Battered by U.S. sanctions and its depreciating rial currency, Iran’s 80 million people struggle to buy meat, medicine and other staples of daily life. Now they wonder aloud about America’s intentions as… Read More
20th May 2019
U.S. refiner Citgo sought to sign a contract with a firm owned by a Venezuelan accused of involvement in the drug trade by the U.S. government, according to a complaint by Citgo’s former human resources director filed in a Texas court. Marisol Gomez said she was fired after refusing to… Read More
20th May 2019
AP — Lebanon’s health minister — named to the post by the country’s Hezbollah group — said Saturday he has overcome U.S. concerns about his ministry potentially funneling finances to the militant organization by gaining public trust and ensuring transparency. Jamil Jabak told The Associated Press that although he is… Read More
17th May 2019
The United States on Thursday imposed sanctions on a Chechen group and five individuals, including at least three Russians, for alleged human rights abuses under the Global Magnitsky Act, including extrajudicial killings and the torture of LGBTI individuals. The sanctions against the Terek Special Rapid Response Team in the Chechen… Read More
17th May 2019
Latvia came under renewed pressure to accelerate financial reforms as a senior U.S. official, at a meeting with its prime minister, underscored the urgent need for stricter controls after a money laundering scandal. His remarks come more than a year after the United States acted to shut down ABLV, a… Read More
17th May 2019
The European Union is seeking new ways to widen use of the euro and counter the dollar’s global dominance, top EU officials said on Thursday, as the bloc tries to salvage Iran’s nuclear deal by helping companies bypass U.S. sanctions. Fears they will be hit with sanctions have pushed European… Read More
16th May 2019
The Trump administration hit Chinese telecoms giant Huawei with severe sanctions on Wednesday, adding another incendiary element to the U.S.-China trade dispute just as Treasury Secretary Steven Mnuchin said he would visit China soon for more talks. The Commerce Department said it was adding Huawei Technologies Co Ltd and 70… Read More
16th May 2019
AP — Venezuela has lifted foreign exchange controls on banks for the first time in 16 years, but some observers were skeptical Monday that the measure will do much to lift the shrinking economy. Few people lined up at money exchange windows in private banks in Caracas to take advantage… Read More
15th May 2019
Facing unprecedented pressure to clamp down on criminal groups, UK law enforcement officials are in need of an additional £2.7 billion in funding over the next three years, the head of the National Crime Agency (NCA) said Monday. The agency is seeking a 54-percent increase in its annual budget, which… Read More