5th August 2019
China and other countries are receiving oil shipments from a larger number of Iranian tankers than was previously known, defying sanctions imposed by the United States to choke off Tehran’s main source of income, an investigation by The New York Times has found. The Times examined the movements of more… Read More
5th August 2019
The U.S. imposed a second round of sanctions on Russia for using a banned nerve agent in an attempt to kill a former Russian spy in the U.K. in 2018. The measures will prohibit U.S. banks from participating in the issuance of Russian sovereign debt, the State Department and Treasury… Read More
5th August 2019
Honduran President Juan Orlando Hernandez on Saturday denied reports from a U.S. court filing linking him to drug trafficking, accusing criminals of seeking revenge against him. “The drug traffickers are looking for revenge against the only president who’s done what he’s needed to do,” he told a news conference, detailing… Read More
5th August 2019
The Serious Fraud Office (SFO) has received 153 reports concerning an allegation of money laundering since 2014, but prosecuted just four cases. The SFO figures, which were a response to a freedom of information request by law firm Greenberg Traurig, show the SFO received 41 reports containing money laundering allegations… Read More
5th August 2019
The UK’s HM Treasury recently (and belatedly) published its Anti-Money Laundering and Counterterrorist Financing Supervision Report for the year ended 31 March 2018. With publication of the findings coming some fifteen months after the end of the review period, regulators and supervisors have no excuses for failing to address the… Read More
2nd August 2019
The former chairman of a state lender known as “Beijing’s super bank” is being investigated for “a serious disciplinary violation”, according to a statement from the Communist Party’s enforcement agency on Wednesday. Hu Huaibang, who was chairman of China Development Bank (CDB) for more than five years until his retirement… Read More
2nd August 2019
The United States had repeatedly pressed visiting Prime Minister Imran Khan and his delegation, which included the powerful army chief and the ISI boss, on compliance with counter-terrorism commitments that Pakistan has given to an international body that monitors and combats financing of terrorism. Pakistan’s obligations to the Financial… Read More
2nd August 2019
The Enforcement Directorate on Thursday registered a case against senior Samajwadi Party leader Azam Khan on allegations of money laundering. The case has been registered against him in connection with multiple alleged land-grab cases that have been registered against him in Uttar Pradesh. As per officials, the ED has… Read More
1st August 2019
The United States on Wednesday imposed sanctions on Iranian Foreign Minister Mohammad Javad Zarif, targeting the country’s top spokesman and potentially hurting chances of diplomatic talks amid rising tensions between the two countries. Zarif, a critical figure in the 2015 Iran nuclear deal, dismissed the action and said it would… Read More
1st August 2019
Chinese aluminium billionaire Liu Zhongtian has been indicted in the US on allegations that he evaded US$1.8 billion in American tariffs, using a complex scheme that supposedly smuggled vast quantities of the metal into the US using a series of firms that he secretly controlled. Liu, China Zhongwang Holdings and… Read More