U.S. sanctions Iraq-based company, says it backs Iran’s IRGC
13th June 2019
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
US eases effects of sanctions on Iran’s elite guard force
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
Serious Fraud Office: British exec convicted of bribery in £3 billion Saudi deal
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
Baghdad – Reuters report of Iran moving missiles to Iraq is ‘without evidence’
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
Iraq to respect dollar ban but not all U.S. sanctions on Iran – PM
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
Sanctions: Standard Chartered extends Deferred Prosecution Agreements
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
Britain begins criminal proceedings against Unaoil firms
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
Iran sanctions: Tehran vows retaliation over Trump move
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
US terror attack: Trump stepping up extreme vetting
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
Sanctions: US, Saudi Arabia target Yemen-based terror financing
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
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