10th October 2019
President Donald Trump pressed then-Secretary of State Rex Tillerson to help persuade the Justice Department to drop a criminal case against an Iranian-Turkish gold trader who was a client of Rudy Giuliani, according to three people familiar with the 2017 meeting in the Oval Office. Tillerson refused, arguing it would… Read More
10th October 2019
Prosecutors for the Serious Fraud Office (SFO) say attempts by former Barclays bank bosses to show advisory services provided by Qatar were merely a “smoke-screen” to try to “legitimise” fraudulent payments to the Gulf state in 2008. A jury at the Old Bailey in London heard that former banking executives… Read More
9th October 2019
Chinese oil imports from ship-to-ship transfers surged last month as flows from some traditional suppliers were crimped by the White House’s aggressive trade and foreign policies. Some 910,000 tons of crude, three times as much as in August, was offloaded at Chinese ports after being transferred in the South China… Read More
8th October 2019
Republican Sen. Lindsey Graham said Monday he and Democratic Sen. Chris Van Hollen will introduce bipartisan sanctions against Turkey if it crosses the Syrian border and attacks Kurdish forces, after President Donald Trump said late Sunday that he was withdrawing U.S. troops from the border region. “I hope… Read More
8th October 2019
European Union finance ministers are set to remove the United Arab Emirates (UAE) and Switzerland next week from the bloc’s lists of countries deemed to be acting as tax havens, an EU document said. They will however continue to blacklist three U.S. territories. The 28-nation EU set up a blacklist… Read More
7th October 2019
American prosecutors allege that the US lawyer Mark Scott laundered €273m in gains from the OneCoin global cryptocurrency scam via Bank of Ireland accounts. Four current and former bank executives — including Diane Sands, Bank of Ireland’s head of anti-money laundering — have been called to testify in the US… Read More
7th October 2019
AP — The conflict between Iran and the U.S. that has created tensions throughout much of the Middle East is now also being felt in Lebanon, where Washington has slapped sanctions on the Iran-backed Hezbollah and warned they could soon expand to its allies, further deepening the tiny Arab country’s… Read More
4th October 2019
Britain used a third country to avoid US sanctions as it paid an Iranian bank a settlement in a £1.25 billion damages case, The Times has learnt. Bank Mellat, in which the Iranian government owns a 17 per cent stake, sued the government over British sanctions imposed in 2009 that… Read More
4th October 2019
Standard Chartered Plc hired Cedric Lizin to head private banking for southeast and south Asia after executive Srinivas Siripurapu resigned. The change in management comes at a sensitive time for the unit. Bloomberg News reported last month the private bank is in the process of reviewing all of its… Read More
27th September 2019
The Trump administration imposed sanctions Thursday against a Moscow-based firm and five vessels the Treasury Department said shipped fuel to Syria used to support the Assad regime’s bombing campaigns against civilians. The action announced by the U.S. Treasury Department is designed not only to disrupt fuel deliveries to Syria, but… Read More