Featured Sanctions

Sanctioned Hezbollah agent has close ties to Iran’s money laundering network in Iraq

A shadowy Hezbollah intelligence operative in Iraq has close ties to what the US refers to as a key money-laundering network by the Islamic Revolutionary Guard Corps’ Quds Force, an investigation by The National has found. In November 2018, the US sanctioned Mohammad Abd Al Hadi Farhat, saying the Lebanese… Read More

Russian Fund Behind Coronavirus Aid Shipment Is on U.S. Lending Blacklist

A Russian state-owned fund that says it footed half the bill of a coronavirus aid shipment delivered to the U.S. on Wednesday has been on a U.S. Treasury restricted lending list since 2015. The Russian Direct Investment Fund, a $10 billion sovereign-wealth fund started by Russian President Vladimir Putin in… Read More

U.S. lawmakers ready sanctions bill for foreign officials concealing coronavirus info

U.S. lawmakers plan to unveil a bill this week to give the Trump administration the power to impose sanctions on foreign officials who distort information about the coronavirus, amid accusations that China misled the world over the scope of the deadly disease. Republican Senators Tom Cotton and Josh Hawley drafted… Read More
2nd April 2020
The alternative financial system set up by the European Union to bypass US sanctions on Iran has had its first success 15 months after it was proposed. Britain, France and Germany were able to export medical goods under the Instex system. The Foreign Office said: “These goods are now in… Read More
2nd April 2020
U.K. authorities have fined Standard Chartered PLC for violating sanctions that the European Union imposed on Russia following its annexation of the Crimea region of Ukraine in 2014. The British bank must pay £20.47 million ($25.41 million) for violating the EU’s sanctions against Russia, the U.K. Treasury’s Office of… Read More
1st April 2020
Not even a pandemic’s relentless spread could stop the prosecution of Turkey’s state-run Halkbank, which pleaded not guilty Tuesday to a record-breaking money-laundering scheme. “First of all, welcome everybody,” said U.S. District Judge Richard Berman, greeting listeners across the globe who called in this morning for the extraordinary hearing. “We… Read More
1st April 2020
At a time when all of humanity is facing a common, invisible, enemy, world leaders have called for a suspension of economic sanctions that have increasingly become the pursuit of war by other means. The Trump administration has responded so far by ignoring those appeals and intensifying punitive measures… Read More
1st April 2020
Human rights abusers should be banned from entering Australia or have their assets frozen, federal politicians have been told. A parliamentary committee has heard evidence about whether Australia should enshrine a so-called Magnitsky Act. The laws are named after lawyer Sergei Magnitsky, who died in a Moscow jail after accusing… Read More
31st March 2020
The United States has allowed Russian, Chinese and European companies to continue their work at Iranian nuclear sites to make it harder for Tehran to develop nuclear weapons, the U.S. State Department said on Monday. Reuters earlier reported that the decision to renew waivers to sanctions that bar non-U.S. firms… Read More
31st March 2020
Rising numbers of Iranians are using a sanctions-busting scheme to buy property in Turkey and claim citizenship. Using a network of money transfer offices, mostly in Istanbul, they are able to move funds out of accounts in Iran, even though US embargoes have severed the country’s banks from international payment… Read More
30th March 2020
The highest-ranking judge in Venezuela — on par with the chief justice of the U.S. Supreme Court — doled out legal favors to obtain millions in bribes paid through Miami and foreign bank accounts that he spent on chartered private jets, expensive watches and other luxury goods in South Florida,… Read More
30th March 2020
AP — Russia’s Rosneft has transferred its assets in Venezuela to a company fully owned by Vladimir Putin’s government, a move apparently intended to shield Russia’s largest oil producer from U.S. sanctions while Moscow continues showing support for Venezuelan President Nicolás Maduro in the wake of a U.S. narcotics indictment. Read More
27th March 2020
U.S. authorities charged Venezuelan President Nicolás Maduro and senior government officials with drug trafficking and conspiring with terrorists and offered multimillion-dollar rewards for their arrests, escalating the Trump administration’s effort to unseat the leftist regime. Prosecutors unsealed a series of criminal cases in New York, Florida and Washington on… Read More