U.N. experts warn Venezuela it could be in breach of North Korea sanctions – documents
29th July 2020
U.N. experts warn Venezuela it could be in breach of North Korea sanctions – documents
U.N. investigators monitoring compliance with sanctions on North Korea are looking into a possible military and technology deal between Pyongyang and Venezuela and have warned Caracas that it could be in violation of U.N. Security Council resolutions. In two previously unreported letters to Venezuela’s U.N. ambassador, Samuel Moncada – sent… Read More
Amazon: Prime Time for Penalties
20th July 2020
Amazon: Prime Time for Penalties
On July 8th, the Office of Foreign Assets Control (OFAC) announced a settlement agreement with Amazon.com, Inc (“Amazon”) for a large number of violations across a wide spectrum of OFAC’s sanctions programs (the agreement published by OFAC lists 14 sets of regulations and Executive Orders). While the total amount… Read More
Dark activity: As sanctions pressure rises, maritime trade turns to tech
16th July 2020
Dark activity: As sanctions pressure rises, maritime trade turns to tech
A long-awaited advisory from the US’ Office of Foreign Assets Control (OFAC) has changed the rules of the game for maritime trade. The sanctions regulator – which sits within the Department of the Treasury and has the power to hand out multi-billion dollar fines to entities anywhere in the world… Read More
Malaysia in bid to restrain PetroSaudi from using alleged 1MDB funds in UK firm
15th July 2020
Malaysia in bid to restrain PetroSaudi from using alleged 1MDB funds in UK firm
The government has filed an application seeking to prohibit PetroSaudi International and its director Tarek Obaid from using over US$340 million in alleged funds from 1MDB kept in a client’s account of a UK law firm. In the application filed on July 10, the government contended that the US$340,258,246.87 in… Read More
Botched Iran case adds to woes of SDNY, office upended by Barr
15th July 2020
Botched Iran case adds to woes of SDNY, office upended by Barr
The story line seems familiar. U.S. prosecutors win a significant conviction. Then evidence emerges that suggests possible misconduct by investigators, and the prosecution asks the judge to dismiss the charges. It happened to Michael Flynn, the onetime Trump aide who’s on the verge of walking away from his guilty pleas. Read More
Venezuelan TV mogul’s Rolls-Royce at center of dispute with Miami federal prosecutors
8th July 2020
Venezuelan TV mogul’s Rolls-Royce at center of dispute with Miami federal prosecutors
Whenever Venezuelan media mogul Raúl Gorrín flew to Miami — before he was accused by the feds of stealing billions from his own government — he would stay at his waterfront estate in Cocoplum and tool around town in his Rolls-Royce Phantom Drophead Coupe. Now federal prosecutors want to take… Read More
Iranian Military-Owned Conglomerate Sets Up Shop in Venezuela
7th July 2020
Iranian Military-Owned Conglomerate Sets Up Shop in Venezuela
An Iranian conglomerate owned by the country’s military and tied to its missile program has established a retail foothold in Venezuela, according to officials and records detailing the move, deepening Tehran’s involvement with the Maduro government. The Iranian firm is working with the Maduro government’s troubled emergency food program, which… Read More
Portmann channelled €120 million through Pilatus Bank, Malta inquiry hears
3rd July 2020
Portmann channelled €120 million through Pilatus Bank, Malta inquiry hears
€120 million in financial transactions from the shuttered Portmann Capital Management, were funnelled through the private Malta-based Pilatus Bank, the former economic crimes unit boss said. Assistant Commissioner Ian Abdilla told the public inquiry into the assassination of Daphne Caruana Galizia, that Portmann had channelled a total of €120 million… Read More
The Professor and the Fixer: How a Colombian Middleman Got a Crime Specialist to Launder Money
29th June 2020
The Professor and the Fixer: How a Colombian Middleman Got a Crime Specialist to Launder Money
By Parker Asmann, Steven Dudley and César Molinares, Insight Crime, 25 June 2020 Insight Crime – While a guilty plea for money laundering by a decorated University of Miami professor continues to send shockwaves through the academic, law enforcement and crime investigation communities, his Colombian go-between remains free, a walking example… Read More
Venezuela’s PDVSA weighs plan to pay for refinery work with fuel, byproducts – sources
26th June 2020
Venezuela’s PDVSA weighs plan to pay for refinery work with fuel, byproducts – sources
Officials from Venezuelan state oil company Petroleos de Venezuela [PDVSA.UL] have spoken with private contractors about paying for work fixing the country’s refineries with fuel and byproducts, a half dozen people familiar with the talks said. The possibility of in-kind compensation comes as U.S. sanctions on PDVSA and severe cash-flow… Read More
Popular

Capital One Fined for Anti-Money-Laundering Deficiencies

After Brexit, the UK is Open to Almost Unrestrained Antiquities Trade

President of the European Central Bank Christine Lagarde calls for global regulation of bitcoin

No more anonymous home buyers: New law requires shell companies to name their owners

Commerzbank Warned BaFin of Wirecard Concerns in Early 2020: FT

Must Read

The Mexican drug cartel investigation that wasn’t an investigation at all

EU sets out plans to limit US dollar reliance, reduce sanctions risks

British Virgin Islands’ governor launches inquiry into alleged corruption

HSBC attacked for freezing Hong Kong activist Ted Hui’s bank account

Beirut blast chemicals possibly linked to sanctioned Syrian businessmen