Featured Shipping

UN experts: North Korea enhances nukes and illicit trade

AP — U.N. experts say North Korea has increased imports and exports of banned and restricted goods such as coal and petroleum products as it continues to enhance its illicit nuclear and ballistic missile programs in violation of sanctions. The experts identified new methods that the country is using… Read More

EU clamps down on free ports over crime and terrorism links

Brussels is clamping down on 82 free ports or free zones after identifying that their special tariff and duty status has aided the financing of terrorism, money laundering and organised crime. A set of new rules was introduced by the European commission just weeks before the launch on Monday of… Read More

North Korea enhanced nuclear, missile programs in 2019 in breach of sanctions – U.N. report

North Korea continued to enhance its nuclear and ballistic missile programs last year in breach of United Nations sanctions, according to a confidential U.N. report seen by Reuters on Monday. The country also illicitly imported refined petroleum and exported some $370 million worth of coal with the help of Chinese… Read More
11th February 2020
There are three main methods by which criminal organisations and terrorist financiers move money for the purpose of disguising its origins and integrating it into the formal economy. The first is using the financial system; the second involves the physical movement of money (e.g. using cash couriers); and the third is through the physical movement of… Read More
10th February 2020
The government has launched a consultation on creating up to 10 freeports with special tariff and duty status – an idea ministers argue will fuel growth but critics say could encourage money laundering and other crimes. The government said it was firmly committed to announcing locations this year so that… Read More
3rd February 2020
The U.S. lifted sanctions against a unit of China’s biggest shipping company that was accused of hauling Iranian crude in violation of American restrictions. According to a notice posted on the Treasury Department’s website Friday in Washington, sanctions were removed. In September, restrictions were placed on the Dalian units… Read More
7th January 2020
Sanctions observers expect the U.S. to impose more sanctions on Iranian officials or companies that trade with Iran as tensions escalate between Tehran and Washington following a U.S. airstrike that killed an Iranian military leader. President Trump on Sunday threatened Iraq with sanctions and a bill for billions… Read More
7th January 2020
Global shipping companies are wrestling with apparent growing demand in a sector that they don’t want and that has law enforcement authorities around the world on high alert. Ocean carriers saw a series of seizures of large shipments of drugs in the U.S. and Europe in 2019, and officials say… Read More