7th February 2020
Commissioned and undertaken jointly by the think tank Royal United Services Institute (RUSI) and ACAMS in partnership with YouGov, the survey, based on 366 unique responses from across the global financial industry, shows that international banks are leading efforts in counter-proliferation finance, with local and national banks at greater risk… Read More
5th February 2020
European Union diplomats agreed to impose travel bans on two Turkish nationals and freeze their assets in retaliation for Ankara’s gas prospecting in disputed waters near Cyprus, two officials familiar with the matter said. The decision to target the two individuals was reached at a meeting of EU diplomats… Read More
4th February 2020
A federal appeals court granted a temporary halt in the U.S. prosecution of Turkish lender Halkbank over sanctions violation charges while it weighs other requests by the bank. Halkbank had previously sought to pursue a dismissal of the case without entering a plea on the charges. A judge denied… Read More
28th January 2020
When the trial for the last of five defendants in the Washakie Renewable Energy case starts this week, jurors can expect to hear about a Utah polygamous sect, bribery, and how proceeds of a $511 million biofuel fraud were laundered into ritzy homes, expensive cars and Turkish industries. Lev… Read More
22nd January 2020
Turkey’s Halkbank should pay millions of dollars in fines for its continued failure to respond to U.S. sanctions-evasions charges, federal prosecutors in New York said. In a court filing Tuesday, the government asked a federal judge to impose a daily $1 million fine that would double each week the… Read More
10th January 2020
It was the middle of a typically cold Ukrainian winter, and Valerii Berezkin, a balding, middle-aged mechanic, was in debt and needed cash. Then, in a billiards hall in the city of Cherkasy, a man approached him with a tempting offer: He could travel to Turkey and make money ferrying… Read More
27th December 2019
A federal judge in Manhattan on Thursday rejected a request by Turkey’s state-owned Halkbank to put on hold a federal prosecution accusing it of helping Iran evade U.S. economic sanctions. U.S. District Judge Richard Berman said Halkbank would not face irreparable harm if the case proceeded, and that limiting its… Read More
26th December 2019
Turkey dug into its refusal to abandon its new Russian missile defense, saying it won’t bow to threat of crippling U.S. sanctions or trade the S-400s for an American system. “They said they would not sell Patriots unless we get rid of the S-400s. It is out of question for… Read More
26th December 2019
Since 2012, hundreds of millions of dollars from Kyrgyzstan — one of the poorest countries on earth — have poured into bank accounts in Europe, the United States, and the Middle East on behalf of a single family. Much of that money ended up in an expansive real estate portfolio… Read More
20th December 2019
Transactions at Pilatus Bank involving the daughters of Azerbaijan ruler Ilham Aliyev and the sons of  his minister for emergency situations Kamaleddin Heydarov, show “commonly accepted red flags for money laundering”, a forensic review included in the Egrant magisterial inquiry concludes. On the basis of this suspicion that the… Read More