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U.S. senators seek to sanction Chinese over Hong Kong

Two U.S. senators are proposing legislation to punish Chinese entities involved in enforcing proposed new security laws in Hong Kong and penalize banks that do business with those entities, adding to a growing list of initiatives in Congress aimed at China’s government. The bill is being introduced in Congress as… Read More

U.S. Sanctions Chinese Company, Alleges Ties to Iran’s Mahan Air

The U.S. imposed sanctions on a Chinese logistics company that it says acted as a sales representative for blacklisted Iranian airline Mahan Air. The sanctions on Shanghai Saint Logistics Ltd., which has offices in Shanghai and Beijing, are part of ongoing efforts by Washington to shut down an airline… Read More

How Jho Low Created A New Front For 1MDB Kickbacks In Kuwait

Sarawak Report — The Malaysian financial fixer Jho Low had been on the phone to his contacts, according to a source who witnessed the call. It was June 2016 and the location was the luxurious home of the family of the then Kuwaiti prime minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah. Read More

8th May 2020

U.S. Senate leader expects vote soon on seeking China sanctions over Uighurs

U.S. Senate Majority Leader Mitch McConnell said on Thursday he expects the chamber to move soon to pass a bill that would call on the Trump administration to toughen its response to China’s crackdown on the country’s Muslim minority groups. McConnell said the bipartisan bill introduced by Republican Senator Marco… Read More

4th May 2020

Foreign Shell Companies Trying to Infiltrate US Defense Industry, Top Weapons Buyer Says

Without naming China, the Pentagon’s acquisitions chief warned Thursday of foreign adversaries using shell companies to buy into struggling small defense firms during the coronavirus pandemic. “We see a lot of shell companies coming in where the beneficial owner ends up being one of our adversaries,” Ellen Lord, the undersecretary… Read More

29th April 2020

Hongkongers conned into ‘spying’ on ‘money launderers’ arrested in phone fraud scam

Two Hongkongers recruited by fraudsters posing as mainland officials to “spy” on people suspected of money laundering have been arrested for duping victims out of HK$5.5 million (US$709,000), police said on Tuesday. The two suspects – a man, 23, and a woman, 25, who did not know each other –… Read More

28th April 2020

U.S. faces U.N. battle if it pushes for Iran embargo extension, snapback sanctions

The United States faces a tough, messy battle if it uses a threat to trigger a return of all United Nations sanctions on Iran as leverage to get the 15-member Security Council to extend and strengthen an arms embargo on Tehran, diplomats said. Washington has shared its strategy, confirmed by… Read More

24th April 2020

Cotswolds hotel tied to London brothel raids

When Jason Guo and his wife arrived at the Victorian manor house in the bucolic hilltop town in the Cotswolds, the only controversy he prompted was over planning permission. That changed on Wednesday morning when Mr Guo’s boutique hotel in Stow-on-the-Wold, Gloucestershire, was raided by police as part of… Read More

23rd April 2020

UN calls for shipping reforms as North Korea escalates sanctions evasion

The UN Security Council is calling for digitisation of shipping documents, stricter know-your-customer requirements and restrictions on individual vessels, after uncovering North Korea’s extensive ability to evade sanctions on petrol, coal, sand and other commodities. A UN report finalised in March and seen by GTR says satellite imagery has revealed… Read More

21st April 2020

BoCom securities arm fined $2.5 million in Hong Kong for regulatory failings

Hong Kong’s markets watchdog said on Monday it had fined a local securities unit of one of China’s largest banks, Bank of Communications (3328.HK) (601328.SS), HK$19.6 million ($2.53 million) for a range of regulatory breaches. BOCOM International Securities Limited broke anti-money laundering rules by not identifying… Read More

21st April 2020

China Rolls Out Pilot Test of Digital Currency

China’s central bank has introduced a homegrown digital currency across four cities as part of a pilot program, marking a milestone on the path toward the first electronic payment system by a major central bank. Internal tests of the digital currency are being conducted in four large cities around China—Shenzhen,… Read More

20th April 2020

UN experts want to blacklist 14 ships over NKorea sanctions

AP — U.N. experts have recommended blacklisting 14 vessels for violating sanctions against North Korea in a report that accuses the country of increasing illegal coal exports, imports of petroleum products and continuing with cyber attacks on financial institutions and cryptocurrency exchanges to gain illicit revenue. The 267-page report, obtained… Read More

20th April 2020

Malaysia arrests 14 Chinese men who targeted victims from China in cryptocurrency scam

Malaysian police have arrested 14 men from China for involvement in cryptocurrency (bitcoin) scams in a house at Horizon Hills in Iskandar Puteri, near Singapore. Assistant Commander Dzulkhairi Mukhtar said the arrests were made around 2.15pm on Saturday, April 18, following a two-month long surveillance operation. Read More

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