25th November 2019
Spain’s High Court, the Audiencia Nacional, wants to try Rifaat Ali al-Assad, the uncle of Syrian president Bashar al-Assad, and 13 other people for money laundering activities. Judge José de la Mata is targeting Rifaat Ali al-Assad, a former vice-president of Syria, eight of his children and two… Read More
22nd November 2019
Prime Minister Benjamin Netanyahu was indicted Thursday on charges of bribery, fraud and breach of trust in a set of long-running corruption cases, throwing his political future into doubt and heightening the uncertainty and chaos surrounding Israel’s fitful, yearlong struggle to choose its next leader. Mr. Netanyahu, 70, who in… Read More
21st November 2019
Ten suspected members of an organised crime group have been arrested on suspicion of flying an estimated £15.5m out of the UK to Dubai hidden in suitcases. The National Crime Agency, whose officers made the arrests in a series of raids across London on Wednesday morning, said the suspects were… Read More
20th November 2019
Five years after agreeing to pay a record fine for sanctions violations, BNP Paribas S.A. has made structural changes to its compliance division—an effort to strengthen the independence of the bank’s compliance function and improve ethical culture. The efforts have included setting compliance as an independent function that… Read More
19th November 2019
AP — Lebanon’s bank staff union announced Monday it’s ending a week-long strike after increased security and new regulations that officially limited withdrawal and dollar transfers. The union said banks will reopen Tuesday. Banks have been at the center of anti-government protests, as demonstrators accused them… Read More
18th November 2019
President Trump’s increasing reliance on economic sanctions to solve foreign policy problems is fueling concern that the United States is abusing its financial power and prompting some governments to seek ways to evade American measures. In recent months, the United States has increased pressure on Iran and Venezuela, dangled the… Read More
13th November 2019
Europe’s threat to trigger a mechanism that could reimpose United Nations sanctions on Iran marks a significant breakdown in diplomacy to try to save the 2015 nuclear deal and could presage its death knell, diplomats say. Britain, France and Germany have sought to salvage the pact, under which Iran undertook… Read More
13th November 2019
Altair Engineering Inc. may have violated U.S. economic sanctions and export control regulations, the company said in a regulatory filing. The Troy, Mich.-based engineering software company said it discovered the possible violations in May and disclosed them to regulators, according to the company’s latest quarterly financial report, which was… Read More
12th November 2019
The revelation last week that fugitive Malaysian businessman Low Taek Jho, better known as Jho Low, holds a Cypriot passport has sparked a fresh flurry of speculation over his whereabouts, as authorities attempt to track him down for alleged financial crimes linked to defunct state fund 1Malaysia Development Berhad. The… Read More
11th November 2019
Family members of Bashar al-Assad have purchased at least 20 Moscow apartments worth an aggregate $40 million over the past six years, despite EU and US sanctions targeting the Syrian leader, the Financial Times reported Monday. The real estate deals, including the purchase of 18 luxury apartments in Moscow’s… Read More