Featured Sanctions

Canadian ambassador: Huawei exec could avoid US extradition

AP — Canada’s ambassador to China said he thinks a top Chinese executive has a strong case to avoid extradition to the United States and said he hopes she will be released soon in remarks one of his predecessors called “mind-boggling.” Ambassador John McCallum told Chinese… Read More

Banking: Publication of new guidance on sanctions screening

A group comprising the world’s top banks has published guidance on how financial institutions should carry out sanctions screening. The notes are derived from regulatory requirements and global industry best practice, it said. “[The guidance] is not intended to suggest all FIs should apply all elements in this… Read More

China demands US drop Huawei extradition request with Canada

AP — China on Tuesday demanded the U.S. drop a request that Canada extradite a top executive of the tech giant Huawei, shifting blame to Washington in a case that has severely damaged Beijing’s relations with Ottawa. Foreign Ministry spokeswoman Hua Chunying said Meng Wanzhou’s case… Read More
22nd January 2019
In Tehran on Jan. 8 during a meeting with European envoys, Iranian officials abruptly stood up, walked out and slammed the door in an extraordinary break with protocol. The French, British, German, Danish, Dutch, and Belgian diplomats in the Iranian foreign ministry room had incensed the officials with a message… Read More
18th January 2019
AP — The Treasury Department appears set to lift sanctions on three companies connected to Russian oligarch Oleg Deripaska despite concerns from lawmakers in both parties who say the Trump administration should be tougher on Russian President Vladimir Putin and his allies. Treasury’s decision to ease… Read More
16th January 2019
AP — Treasury Secretary Steven Mnuchin is urging senators to vote against a Democratic resolution that would maintain sanctions on companies linked to Russian oligarch Oleg Deripaska [pictured]. Mnuchin met with Republican senators behind closed doors Tuesday in the hours before a planned Senate vote on… Read More
14th January 2019
Standard Chartered’s deferred prosecution agreements (DPAs) with the US Department of Justice and the New York County District Attorney’s Office will be further extended until March 2019. Both deals were reached in 2012, and subsequently extended until 31 December 2018. The bank entered the agreements after it landed in trouble… Read More
14th January 2019
AP — The head of Iran’s nuclear program said Sunday that the Islamic Republic has begun “preliminary activities for designing” a modern process for 20-percent uranium enrichment for its 50-year-old research reactor in Tehran, signaling new danger for the nuclear deal. Restarting enrichment at that level… Read More
14th January 2019
The United States has warned German companies involved in the Russian-led Nord Stream 2 gas pipeline that they could face sanctions if they stick with the project. U.S. President Donald Trump has accused Germany of being a “captive” of Moscow because of its reliance on Russian energy and urged it… Read More
11th January 2019
AP — Treasury Secretary Steven Mnuchin told lawmakers in a classified briefing Thursday that the Trump administration will keep strict U.S. sanctions on Oleg Deripaska and any companies he owns, but Democrats say they still have concerns that the government is being too soft on the… Read More
10th January 2019
Iran said on Wednesday that it would reciprocate after the European Union added two Iranian individuals and an Iranian intelligence unit to the bloc’s terrorist list. EU ministers agreed on Tuesday to add the names to the list and freeze their assets, effective from Wednesday, as the Netherlands accused Iran… Read More
10th January 2019
The US has imposed sanctions on the owner of a TV station, former Venezuelan government officials and other companies it says were part of a bribery and currency exchange scheme that generated over $2.4 billion in corrupt proceeds. Venezuelan officials plundered funds from the government through conducting illegal foreign… Read More
9th January 2019
The U.S. case against the chief financial officer of China’s Huawei Technologies, who was arrested in Canada last month, centres on the company’s suspected ties to two obscure companies. One is a telecom equipment seller that operated in Tehran; the other is that firm’s owner, a holding company registered… Read More