US sanctions Nicaraguan officials, Cuba-related companies
23rd December 2020
US sanctions Nicaraguan officials, Cuba-related companies
The United States on Monday imposed sanctions on three Nicaraguan officials over their support for left-wing President Daniel Ortega’s government. President Donald Trump’s administration has kept up a steady stream of sanctions announcements since the November election that handed Democrat Joe Biden a win. President-elect Biden is to be sworn… Read More
Biden chief of staff says hack response will go beyond ‘just sanctions’
22nd December 2020
Biden chief of staff says hack response will go beyond ‘just sanctions’
The incoming White House chief of staff said on Sunday that President-elect Joe Biden’s response to the massive hacking campaign uncovered last week would go beyond sanctions. Ron Klain said Biden was mapping out ways to push back against the suspected Russian hackers who have penetrated half a dozen U.S. Read More
U.S. Clears Danske of Sanctions Breach, But Case Isn’t Over
21st December 2020
U.S. Clears Danske of Sanctions Breach, But Case Isn’t Over
Danske Bank A/S probably didn’t breach U.S. sanctions when its Estonian unit handled billions of dollars in suspicious funds, meaning the lender could be facing a smaller fine than previously feared. Denmark’s biggest bank has been told by the U.S. Department of the Treasury’s Office of Foreign Assets Control… Read More
EU Officially Slaps More Economic Sanctions On Belarus Over Crackdown
18th December 2020
EU Officially Slaps More Economic Sanctions On Belarus Over Crackdown
The European Union on December 17 imposed a third round of economic sanctions on dozens of Belarusian individuals and entities over their suspected involvement in a crackdown on ongoing pro-democracy protests. The latest round of sanctions was initially announced on December 16 and officially adopted during a meeting the next… Read More
Deripaska’s Rusal Role Was Flagged for U.S. Sanctions Review
18th December 2020
Deripaska’s Rusal Role Was Flagged for U.S. Sanctions Review
European officials have provided information to the U.S. government indicating that Russian billionaire Oleg Deripaska continued to exert control this year over United Co. Rusal International PJSC, which the officials say was a breach of a U.S. sanctions agreement reached in 2018. An assessment sent to U.S. officials earlier… Read More
European Parliament resolution would seek sanctions on Chinese officials in Xinjiang
17th December 2020
European Parliament resolution would seek sanctions on Chinese officials in Xinjiang
The European Parliament will urge European Union leaders to use new sanction powers to punish Xinjiang officials but stop short of invoking any claim of “genocide”, according to a draft resolution seen by the South China Morning Post. The motion’s preparation comes shortly after the EU’s foreign policy chief, Josep… Read More
U.S. lifts Sudan’s designation as a state sponsor of terrorism
15th December 2020
U.S. lifts Sudan’s designation as a state sponsor of terrorism
The United States formally rescinded Sudan’s status as a state sponsor of terrorism on Monday, removing the biggest barrier to the African country’s access to international lending institutions and economic development. Sudan was designated as a state sponsor of terrorism in 1993, in part for its support of militant… Read More
U.S. imposes CAATSA sanctions on Turkey for S-400 Purchase
15th December 2020
U.S. imposes CAATSA sanctions on Turkey for S-400 Purchase
The U.S. has imposed sanctions on NATO-ally Turkey for its purchase of Russia’s S-400 missile defence system, U.S. Secretary of State Mike Pompeo announced on Monday. The issue of sanctions under Section 231 of the Countering America’s Adversaries Through Sanctions Act (CAATSA) for purchase of Russian arms is of particular… Read More
Wife takes charge of the money, after Hong Kong official on US sanctions list loses accounts
14th December 2020
Wife takes charge of the money, after Hong Kong official on US sanctions list loses accounts
A senior Hong Kong official’s entire salary goes straight into his wife’s bank account every month. She handles all their household expenses, pays his mobile phone bill and picks up the tab when they shop or eat out, he told the Post. He is among 29 current and retired Hong… Read More
FinCEN Clarifies How Banks Can Share Information on Suspicious Transactions
11th December 2020
FinCEN Clarifies How Banks Can Share Information on Suspicious Transactions
The U.S.’s anti-money-laundering watchdog released new guidance Thursday on how financial institutions can share personally identifiable information about their customers if they believe it is tied to a suspicious transaction. The guidance is meant to help clarify the limits to what officials have called a key tool in identifying potential… Read More
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