11th October 2016
China appears to have pushed back on a U.S. bid to close a U.N. loophole that allows North Korea to export coal for “livelihood purposes,” saying the well-being of North Koreans is a priority in negotiations on possible new U.N. sanctions on Pyongyang. Since North Korea’s fifth and largest nuclear… Read More
10th October 2016
A Former UBS trader is pushing the financial watchdog to reveal the details of its investigation into the bank during the Libor scandal, in a bid to have his ban from the City reversed. Arif Hussein is due to argue in the Royal Courts of Justice on Monday that the Financial… Read More
10th October 2016
MySQUAR said its financial outlook has improved after the US formally ended its sanctions against Myanmar on Friday. The Myanmar-language social media, entertainment and payments platform noted that the US has ended a declared “National Emergency” categorisation which had been in place since 1997, resulting in sanctions which were… Read More
7th October 2016
Robert Waterman, of Vicarage Lane, Chigwell, was investigated by HM Revenue and Customs (HMRC) who found he had created a fake trade in computer memory sticks to fraudulently claim £4,757,858 in VAT repayments between April 2013 and March 2015. Waterman used the proceeds from his fraud to buy a £1.15m… Read More
6th October 2016
Iran’s state-owned oil company sold condensate to BP Plc for the first time since sanctions were lifted in January, marking the country’s re-emergence as one of the world’s top suppliers of crude oil and natural gas liquids. National Iranian Oil Co. will supply South Pars condensate to BP for loading… Read More
5th October 2016
The International Monetary Fund (IMF) has recommended that Ukraine should enable the National Securities and Stock Market Commission (NSSMC) to conduct audits of any legal entity or individual to determine compliance with securities laws, demand and have access to information such as banking secrecy, and investigate violations on the capital… Read More
3rd October 2016
The Dandong-based Chinese trading firm sanctioned by the U.S. last month for laundering money for a North Korean bank linked to the regime’s weapons of mass destruction program used at least 22 front companies for U.S. dollar transactions, according to U.S. court papers. Dandong Hongxiang Industrial Development Co. (DHID) established… Read More
3rd October 2016
South Korea’s agricultural and livestock sectors are seeking ways to keep business afloat amid concerns the new anti-corruption law that came into force last Wednesday would freeze market demand for their major products. The Improper Solicitation and Graft Act bans members of government agencies, private education institutions, and media outlets… Read More
30th September 2016
Stepping up action in the Rs 5,600-crore NSEL money laundering case, the Enforcement Directorate today attached assets worth Rs 1,170 crore of Financial Technologies India Ltd (FTIL). The agency said it has issued a provisional order under the Prevention of Money Laundering Act (PMLA), attaching bonds and securities worth Rs… Read More
30th September 2016
On the occasion of Myanmar’s State Counselor Aung San Suu Kyi’s recent visit to the United States (U.S.), President Obama announced that executive sanctions on Myanmar would soon be lifted. This will grant Myanmar greater access to the U.S. market and encourage U.S. companies to invest in the country. Trade between… Read More