5th June 2020
China’s Huawei Technologies acted to cover up its relationship with a firm that had tried to sell prohibited U.S. computer gear to Iran, after Reuters in 2013 reported deep links between the firm and the telecom-equipment giant’s chief financial officer, newly obtained internal Huawei documents show. Huawei has long described… Read More
28th May 2020
Secretary of State Mike Pompeo said the U.S. would stop allowing foreign companies to facilitate Iran’s civil nuclear activities, a core provision of the 2015 international nuclear agreement. Tehran has “continued its nuclear brinkmanship by expanding proliferation sensitive activities,” Mr. Pompeo said Wednesday in a statement announcing his decision. The Trump… Read More
28th May 2020
Ship owners and insurers say it may be impossible for the maritime industry to fully comply with the Trump administration’s new guidelines on how to avoid sanctions penalties related to Iran, North Korea and Syria, raising the risk of disruptions in a sector already struggling with the fallout of the… Read More
21st May 2020
The United States continues to turn the screws on Iran with its “maximum pressure” campaign, announcing another round of sanctions on Wednesday – this time targeting Iran’s interior minister as well as senior law enforcement officials, over allegations of grave human rights violations. The US Treasury is accusing Iranian Interior… Read More
20th May 2020
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
19th May 2020
The U.S. charged an Iranian online financial services company and two of its senior executives with violating U.S. sanctions on Iran, U.S. prosecutors said. Seyed Sajjad Shahidian, Vahid Vali and the company, Payment24, were criminally charged with conspiracy to commit offenses against the U.S., money laundering, identity theft and wire… Read More
14th May 2020
The United States publicly threatened on Wednesday to trigger a return of all United Nations sanctions on Iran if the U.N. Security Council does not extend an arms embargo on Tehran that is due to expire in October under the Iran nuclear deal. U.S. special envoy for Iran, Brian Hook,… Read More
11th May 2020
An indicted financier accused by the U.S. of developing Venezuela’s gold-for-food trade with Turkey is helping orchestrate a similar swap with Iran involving gold for gasoline products, according to seven people familiar with the matter. Alex Nain Saab Moran, a Colombian whom U.S. authorities consider one of the most… Read More
5th May 2020
Banks face longer transaction processing times and possible sanction violations as the coronavirus crisis puts pressure on their compliance control functions, experts warn. Customers’ rapidly changing supply chains are a growing concerns for banks. As lockdown measures are causing logistical challenges, businesses must increasingly change third-party providers at short notice,… Read More
4th May 2020
The United States on Friday imposed sanctions on an Iranian-Iraqi businessman and his mining company, accusing him of involvement in efforts by Iran’s elite Quds Force to generate revenue illegally and smuggle weapons abroad, the U.S. Treasury Department said. Amir Dianat has supported Quds Force smuggling operations for years, including… Read More