6th April 2020
A shadowy Hezbollah intelligence operative in Iraq has close ties to what the US refers to as a key money-laundering network by the Islamic Revolutionary Guard Corps’ Quds Force, an investigation by The National has found. In November 2018, the US sanctioned Mohammad Abd Al Hadi Farhat, saying the Lebanese… Read More
2nd April 2020
The alternative financial system set up by the European Union to bypass US sanctions on Iran has had its first success 15 months after it was proposed. Britain, France and Germany were able to export medical goods under the Instex system. The Foreign Office said: “These goods are now in… Read More
1st April 2020
Not even a pandemic’s relentless spread could stop the prosecution of Turkey’s state-run Halkbank, which pleaded not guilty Tuesday to a record-breaking money-laundering scheme. “First of all, welcome everybody,” said U.S. District Judge Richard Berman, greeting listeners across the globe who called in this morning for the extraordinary hearing. “We… Read More
1st April 2020
At a time when all of humanity is facing a common, invisible, enemy, world leaders have called for a suspension of economic sanctions that have increasingly become the pursuit of war by other means. The Trump administration has responded so far by ignoring those appeals and intensifying punitive measures… Read More
31st March 2020
Rising numbers of Iranians are using a sanctions-busting scheme to buy property in Turkey and claim citizenship. Using a network of money transfer offices, mostly in Istanbul, they are able to move funds out of accounts in Iran, even though US embargoes have severed the country’s banks from international payment… Read More
27th March 2020
The United States blacklisted five Iran- and Iraq-based companies and 15 individuals on Thursday for supporting terrorist groups, its third round of sanctions on Iranian targets in the last two weeks even as Tehran battles the coronavirus outbreak. In a statement, the U.S. Treasury Department accused those targeted of supporting… Read More
27th March 2020
AP — Eight countries under unilateral sanctions, mainly from the United States and European Union, urged U.N. Secretary-General Antonio Guterres on Thursday to request the immediate and complete lifting of those measures to enable the nations to respond to the coronavirus pandemic. In a joint letter obtained by The Associated Press,… Read More
26th March 2020
Pilatus Bank was a “money transfer operation” rather than an ordinary bank providing investment corporate and retail services to high net individuals, according to the bank’s administrator Lawrence Connell. The former US financial regulator reached his conclusion in his first six-month report covering up to August 2018, which was only… Read More
24th March 2020
AP — From Caracas to Tehran, officials are calling on the Trump administration to ease crippling economic sanctions they contend are contributing to the growing death toll caused by the coronavirus pandemic. The idea has gained support from prominent leftists in the U.S., including Democratic presidential candidate Bernie Sanders, who… Read More
20th March 2020
The Trump administration this week sent a stark message to Iran in three new rounds of sanctions: The U.S. won’t ease its economic pressure campaign even as the coronavirus pandemic batters the country. The Trump administration, amid growing calls to ease its sanctions campaign, said it has no plans… Read More