11th September 2020
The U.S. Department of Treasury announced on Wednesday that the largest German investment and financial services provider Deutsche Bank has agreed to pay two settlements totaling US$583,100 for facilitating transactions that violated Ukraine-related sanctions. According to the department’s Office of Foreign Assets Control (OFAC) enforcement release, Deutsche Bank would… Read More
11th September 2020
Michael Jordan, Sandra Bullock and Paris Hilton holiday there. Justin Timberlake and Janet Jackson wrote lyrics about it. But, last week, the Caribbean island of Anguilla drew attention for other reasons. The paradisiacal tax haven slipped further down a key global transparency index, according to a new report by… Read More
11th September 2020
The Treasury Department has designated Andriy Derkach, a pro-Russian Ukrainian promoting discredited allegations against Joe Biden, for sanctions related to foreign interference in the U.S. election. Derkach, who was previously identified as a malign actor by the intelligence community, met with President Donald Trump’s lawyer Rudy Giuliani in Ukraine… Read More
11th September 2020
European Council President Charles Michel has called for faster consideration of sanctions against officials in Belarus after the detention of multiple opposition leaders. “Political persecution in Belarus including detentions on political grounds and forced exile must stop,” Michel tweeted Wednesday. “Belarusian authorities must free political prisoners and let citizens exercise… Read More
9th September 2020
The United States on Tuesday expanded its sanctions on Lebanon, blacklisting the former finance and transport ministers and accusing them of providing material and financial help to Iran-backed Shi’ite group Hezbollah, following a powerful blast last month in Beirut that left the country reeling. “Corruption has run rampant in Lebanon,… Read More
9th September 2020
A new agreement between the U.S. Treasury Department and officials in Delaware could lead to more aggressive enforcement of economic sanctions on nonfinancial companies, particularly those that may seek to hide transactions behind anonymous entities. The Treasury’s Office of Foreign Assets Control, which enforces U.S. sanctions, and the Delaware Department… Read More
8th September 2020
The family of a Belarusian businessman believed to have links to President Lukashenko have bought London property worth millions of pounds through a web of offshore companies, The Times can reveal. Vladimir Peftiev, one of Belarus’s richest men and the former head of an arms company, has appeared in television… Read More
8th September 2020
Swiss banks first surfaced as handlers of illicit Venezuelan oil money in 2016, when U.S. Attorney Preet Bharara sought records from more than 18 of them on of bribery at PDVSA, a state-owned oil and natural gas company. Precisely two weeks later, Switzerland’s financial regulator built its annual meeting… Read More
8th September 2020
A new investigation into companies trading in the Chinese city of Dandong, on the border with North Korea, has shed a spotlight on Pyongyang’s global money laundering networks and raised fresh questions about China’s complicity in bypassing United Nations sanctions against Kim Jong-un’s regime. “The Billion Dollar Border Town,” a… Read More
7th September 2020
Germany, the current head of the European Union, will discuss possible sanctions on Russia over the poisoning of Alexei Navalny if the Kremlin does not provide an explanation soon, its foreign minister said Sunday. Russian opposition leader Navalny fell ill on a flight last month and was treated… Read More