23rd July 2019
The United States has sanctioned the China’s state-run energy company Zhuhai Zhenrong Co Ltd for allegedly violating restrictions imposed on Iran’s oil sector, U.S. Secretary of State Mike Pompeo said in a speech on Monday. “We’ve said that we will sanction any sanctionable behavior, and we mean it,” Pompeo said… Read More
19th July 2019
The United States on Thursday imposed sanctions on an international network of companies and their agents it said were involved in the procurement of materials for Iran’s nuclear programme. They are the first punitive steps by Washington since Tehran announced earlier this month it would increase its levels of enriched… Read More
18th July 2019
Group of Seven finance chiefs cast a cloud over prospects for Facebook’s Libra digital coin on Wednesday, insisting tough regulatory problems would have to be worked out first. The massive social media company’s plan to launch a digital coin has met with a chorus from regulators, central bankers and governments… Read More
17th July 2019
The Mercedes-Benz limousines seen chauffeuring around North Korean leader Kim Jong Un this year have stumped outsiders over how the sanctions-hit regime obtained the luxury rides. But researchers now believe they have unearthed the Kim regime’s smuggling secret: It takes three cargo jets, about four months and five countries. A… Read More
15th July 2019
Beijing made clear its unhappiness Friday over the recent camaraderie between the U.S. and Taiwan, announcing sanctions against American companies involved in arms sales to the self-ruled island and reaffirming the eventual “reunification” of the two sides of the Taiwan Strait was inevitable. Chinese Foreign Minister Wang Yi expressed “serious concern” over… Read More
9th July 2019
Noah Holdings Ltd., one of China’s largest wealth managers, levied accusations of fraud against Camsing International Holding Ltd., the Hong Kong-listed company that said last week its chairman had been detained by police. The asset manager has filed a lawsuit and reported Camsing to… Read More
9th July 2019
Digitally savvy financial compliance officers are in demand in China, with multinational companies offering to pay top dollar as they look to tackle rising white collar crime in the region, but such talent is hard to find, according to international headhunter DHR International. Demand for professionals with experience in handling… Read More
8th July 2019
As the U.S. looks to enforce sanctions aimed at halting trade with states such as Iran and Venezuela, there’s increased scrutiny on the tricks being used to keep commodities flowing to and from blacklisted countries. Ships… Read More
28th June 2019
Satellite imagery and other data show that the government of China has continued to purchase Iranian crude oil despite the reimplementation of US sanctions targeting Iran’s oil buyers, the Financial Times reported Wednesday. Under a law enacted during the Obama administration, the Treasury Department can impose so-called “secondary sanctions” against… Read More
26th June 2019
A recently unsealed contempt ruling against three Chinese financial institutions that have missed subpoena deadlines could open the way for US officials to cut off dollar-clearing services for Shanghai Pudong Development Bank, The Washington Post reported Monday. The ruling, which does not name the institutions, is believed to target… Read More