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NCA freezes £100m suspected to be from corruption overseas

More than £100m suspected to have been imported to the UK from bribery and corruption overseas has been frozen following a court order obtained by the National Crime Agency. Westminster magistrates’ court granted account freezing orders covering eight bank accounts holding in excess of £100m which is “suspected to have… Read More

Defying U.S. Sanctions, China and Others Take Oil From 12 Iranian Tankers

China and other countries are receiving oil shipments from a larger number of Iranian tankers than was previously known, defying sanctions imposed by the United States to choke off Tehran’s main source of income, an investigation by The New York Times has found. The Times examined the movements of more… Read More

Tehran fumes as Britain seizes Iranian oil tanker over Syria sanctions

British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran’s fury and could escalate its confrontation with the West. The Grace 1 tanker was impounded in the British territory… Read More

12th June 2019

U.S. imposes sanctions on Syrian businessman with ties to Assad

The United States on Tuesday slapped sanctions on Syrian businessman Samer Foz and his family, who have close ties to President Bashar al-Assad and who Washington said has made millions by developing properties on land seized from those who have fled the Syrian war. The sanctions were being placed on… Read More

18th April 2019

Bashar al-Assad’s uncle to face trial in France over property fraud: source

The uncle of Syrian President Bashar al-Assad will stand trial in France for allegedly acquiring millions of euros worth of French property assets using funds diverted from the Syrian state, a judicial source said on Wednesday. Rifaat al-Assad is a former military commander, widely held responsible for crushing an Islamist… Read More

17th April 2019

Syria fuel shortages, worsened by US sanctions, spark anger

AP — Syrians in government-controlled areas who have survived eight years of war now face a new scourge: widespread fuel shortages that have brought life to a halt in major cities. Cars line up by the hundreds outside petrol stations, and long lines of people waiting to buy rationed cooking… Read More

20th February 2019

Teenager who joined IS group in Syria to lose UK citizenship

Shamima Begum, a teenager who left London when she was aged 15 to join Islamic State in Syria, has had her British citizenship revoked, according to a letter sent to her family published by ITV News on Tuesday. Begum, who gave birth to a son at the weekend, was discovered… Read More

17th January 2019

Terror financing: UK man claims Syria cash was for brother’s ‘medical advice’

A British man has been jailed for allegedly sending funds to his brother who travelled to Syria in order to help establish an Islamic state. Sheffield-based Abdurahman Kaabar admitted sending money to his brother but denied knowing or suspecting it might be used to fund terrorism. Instead, he claimed… Read More

9th January 2019

New documents link Huawei to suspected front companies in Iran, Syria

The U.S. case against the chief financial officer of China’s Huawei Technologies, who was arrested in Canada last month, centres on the company’s suspected ties to two obscure companies. One is a telecom equipment seller that operated in Tehran; the other is that firm’s owner, a holding company registered… Read More

27th November 2018

Terror financing: US woman defrauded banks, admits to laundering, bitcoin scheme

A 27-year-old woman is facing up to 20 years in jail over defrauding a number of financial institutions, and then laundering and transferring the proceeds to support blacklisted terror group the Islamic State of Iraq and al-Sham (ISIS). Authorities allege that American resident Zoobia Shahnaz engaged in a bank fraud… Read More

9th October 2018

JP Morgan fined $5 million over sanctions violation

The US Treasury’s Office of Foreign Assets Control (OFAC) has reached a $5,263,171 settlement with JPMorgan Chase Bank (JPMC) over violations pertaining to sanctions, covering Iran, the Cuban assets control rules and weapons of mass destruction proliferators. The transactions were net settlement payments, of which a ‘very small portion’… Read More

16th April 2018

US to hit Russia with new sanctions for aiding Syria’s Assad

AP — President Donald Trump on Sunday defended his use of the phrase “Mission Accomplished” to describe a U.S.-led missile attack on Syria’s chemical weapons program, even as his aides stressed continuing U.S. troop involvement and plans for new economic sanctions against Russia for enabling the government of… Read More

4th December 2017

UK foreign aid money ‘diverted to extremists’ in Syria

BBC The government has suspended a foreign aid project after a BBC Panorama investigation found taxpayers’ cash was being diverted to extremists in Syria. Officers from a UK-backed police force in Syria have also been working with courts carrying out brutal sentences. A UK government spokesman said it takes… Read More

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