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New U.S. sanctions target Hamas, Islamic State, other groups

The United States on Tuesday announced sanctions on a “wide range of terrorists and their supporters,” including the Palestinian group Hamas and Iran’s Islamic Revolutionary Guards Corps, on the eve of the 18th anniversary of the Sept. 11 attacks. The targets include 15 leaders, individuals and entities affiliated with groups… Read More

Oil Tankers’ Tracking Signals Are Vanishing in the Strait of Hormuz

Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s most important — and lately most dangerous — energy chokepoint: vanish from global tracking systems. Copying from Iran’s own playbook, at least 20 ships turned off their transponders while passing through… Read More

U.S. sanctions Iraq-based company, says it backs Iran’s IRGC

The United States on Wednesday sanctioned an Iraqi company and two of its associates, which it said had helped Iran’s Islamic Revolutionary Guard Corps-Quds force evade sanctions by smuggling hundreds of millions of dollars worth of weapons. “Treasury is taking action to shut down Iranian weapons smuggling networks that have… Read More

25th April 2019

US eases effects of sanctions on Iran’s elite guard force

AP — The Trump administration on Wednesday granted important exemptions to new sanctions on Iran’s Revolutionary Guard, watering down the effects of the measures while also eliminating an aspect that would have complicated U.S. foreign policy efforts. Foreign governments and businesses that have dealings with the Revolutionary Guard and its… Read More

11th February 2019

Serious Fraud Office: British exec convicted of bribery in £3 billion Saudi deal

A former sales boss at a London firm has pleaded guilty over allegations he made corrupt offers to influence officials in Saudi Arabia to award the company contracts worth billions. British national David Lufkin, who worked as Global Head of Sales for Petrofac International Limited, is now awaiting sentencing… Read More

3rd September 2018

Baghdad – Reuters report of Iran moving missiles to Iraq is ‘without evidence’

Iraq’s Foreign Ministry said on Sunday it was “astonished” at a Reuters report that Iran had moved missiles to Iraq and that the article was “without evidence”, but stopped short of denying its contents. “Iraq is not obliged to respond to media reports that lack tangible evidence backing up… Read More

14th August 2018

Iraq to respect dollar ban but not all U.S. sanctions on Iran – PM

Iraqi Prime Minister Haider al-Abadi said on Monday his government was only committed to not using dollars in transactions with Iran, not to abiding with the full scope of U.S. sanctions against the country. “Our commitment in the Iran issue is to not use the dollar currency in transaction, not… Read More

30th July 2018

Sanctions: Standard Chartered extends Deferred Prosecution Agreements

Standard Chartered has agreed to a further extension of its U.S. Deferred Prosecution Agreements (DPAs) until 31 December 2018, the bank said. The Group reached agreements with the United States after admitting that it had processed payments for sanctions targets, and paid a settlement of $327 million. It also agreed… Read More

27th June 2018

Britain begins criminal proceedings against Unaoil firms

British prosecutors said on Tuesday they had begun criminal proceedings against two Unaoil companies, part of a Monaco-based oil and gas consultancy, in an investigation into alleged bribery, corruption and money laundering. The Serious Fraud Office (SFO), which has charged six individuals in a two-year investigation, said representatives from Unaoil… Read More

15th January 2018

Iran sanctions: Tehran vows retaliation over Trump move

Iran says the US has “crossed a red line” by imposing sanctions on the head of its judiciary, Ayatollah Sadeq Amoli-Larijani. The foreign ministry vowed to retaliate but did not say what form any action might take. Iran also rejected any changes to its nuclear deal with world powers. US… Read More

1st November 2017

US terror attack: Trump stepping up extreme vetting

Hours after a truck driver mowed down eight cyclists, in what is being called the first deadly attack in New York since the 11 September, 2001 strikes, United States president Donald Trump said that he had ordered more robust “extreme vetting” of travellers coming into the country. “I have just… Read More

25th October 2017

Sanctions: US, Saudi Arabia target Yemen-based terror financing

The United States on Wednesday imposed sanctions on individuals and an entity which it said were linked to sponsoring terrorism in Iraq, Syria and Yemen. The US Treasury’s Office of Foreign Assets Control (OFAC) issued the designations targeting leaders, financiers and facilitators of the Islamic State and al-Qa’ida… Read More

18th October 2017

Iraq war victims point out pharmaceutical companies’ bribery

The families of dozens of US troops killed or injured during the war in Iraq filed a federal lawsuit Tuesday against several US and European pharmaceutical and medical supply companies, alleging that the corporations knowingly financed the anti-American militia Mahdi Army through bribes and kickbacks to officials at a government… Read More

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