30th September 2020
Russian markets are once again being plagued by multiple sanctions threats that could materialize before the end of the year. The prospect of new Western sanctions has helped drive the ruble back toward a four-year low reached during the oil price crash in March. Only Turkish government bonds have performed… Read More
24th September 2020
In the Kerch Strait off the Crimean coast, a dangerous undertaking cost 20 people their lives. On January 21, 2019, crews on two tankers were transferring liquified petroleum gas (LPG) from one ship to another at sea. Something went wrong and there was a terrible explosion. Both ships quickly… Read More
23rd September 2020
The European Union imposed sanctions on Monday on a Turkish shipping company accused of breaking a U.N. arms embargo on Libya and whose vessel was involved in a naval incident between NATO members France and Turkey in June. The asset freeze of Avrasya Shipping, which the EU said operates the… Read More
21st September 2020
By Tom Stocks, Daniela Castro, Kelly Bloss and Adam Klasfeld, OCCRP, 20 September 2020 OCCRP — Best known for laundering billions of dollars for Iran, notorious gold smuggler Reza Zarrab’s ties to Russia received only passing mention when he was prosecuted in the U.S. in 2016. That was a huge… Read More
8th September 2020
Border officials have found more than £1 million hidden inside two lorries trying to leave the UK. The money was found concealed inside the refrigerated motor housing of both vehicles at Dover’s Eastern Docks on Friday. The National Crime Agency (NCA) said Border Force officers stopped the first… Read More
31st August 2020
The European Union stepped up threats of more sanctions against Turkey over its energy exploration in the eastern Mediterranean in a bid to address demands by Greece and Cyprus. EU foreign-policy chief Josep Borrell said he would begin compiling a list of possible penalties that would be directed at individuals,… Read More
26th August 2020
Former national security adviser John Bolton may have avoided testifying at President Donald Trump’s impeachment trial, but Senator Ron Wyden urged the erstwhile ambassador on Monday to join him in the room where investigations happen. As the Senate Finance Committee’s top Democrat, Wyden asked Bolton to discuss claims from his… Read More
7th August 2020
The U.S. designation last week of a new Turkey-based member of the notorious Rawi Network for allegedly facilitating money transfers to the Islamic State (IS) in Syria has raised fresh concerns among observers that jihadists continue to use Turkey to fund their activities in Syria. The Rawi Network, founded by… Read More
5th August 2020
AP – Albanian prosecutors on Monday said they had seized vast assets belonging to a businessman and a media mogul suspected of building his empire with profits from drug trafficking. The Special Prosecutor’s Office against Corruption and Organized Crime, known as SPAK by acronym in Albanian, said assets ranging… Read More
23rd July 2020
AP –  A Turkish banker was properly convicted of helping Iran evade U.S. sanctions in a case that strained relations with Turkey, a federal appeals panel said Monday. The ruling by the 2nd U.S. Circuit Court of Appeals in Manhattan concluded that Mehmet Hakan Atilla received a fair trial… Read More