25th June 2020
Five eminent Parisian antiques specialists have been arrested on suspicion of selling looted Middle Eastern artefacts worth tens of millions of euros. The experts are suspected of masking the origin of the items before selling them to clients, including some of the world’s leading museums, such as the Louvre’s… Read More
19th June 2020
The Syrian first lady, Asma al-Assad, has been named in the first round of new US sanctions that are certain to intensify pressure on the embattled regime and its backers as the country’s crippled economy continues to wither. The law, known as the Caesar Act, came into effect on Wednesday,… Read More
17th June 2020
The United States will impose sanctions on Wednesday aimed at cutting off revenue for Syrian President Bashar al Assad’s government in a bid to push it back into United Nations-led negotiations and broker an end to the country’s nearly decade-long war. U.S. Ambassador to the U.N. Kelly Craft told the… Read More
15th June 2020
Its currency has plunged by 70% since April, more than half its people face food scarcity, and hopes of rebuilding a country shattered by war continue to ebb. Syria seems barely able to absorb new shocks, but new US sanctions that take effect next week, could devastate what is left… Read More
11th June 2020
July 14, 2015 was a landmark date in the long-running feud between Europe, the US and Iran. Iranian officials agreed to terminate the country’s nuclear programme, and in exchange, would benefit from the removal of crippling sanctions – including on petroleum exports. Trade with the EU soared. Over the following… Read More
5th June 2020
The U.S. and other powers are investigating suspected efforts by Libyan militia leader Khalifa Haftar to raise funds through oil deals, including with Emirati brokers and Venezuela, according to U.S., European and Libyan officials. The United Nations and the official Libyan government are probing a Dubai-based ship charterer for possibly… Read More
28th May 2020
Ship owners and insurers say it may be impossible for the maritime industry to fully comply with the Trump administration’s new guidelines on how to avoid sanctions penalties related to Iran, North Korea and Syria, raising the risk of disruptions in a sector already struggling with the fallout of the… Read More
27th May 2020
The hashish was packed in milk cartons, a total of four tons of the stuff, carefully packed in 19,000 individual Tetra Paks. Customs officials discovered the cargo in mid-April on a ship in the Egyptian port of Said. It had come from Syria, and it was presumably bound for Libya,… Read More
20th May 2020
The U.S. imposed sanctions on a Chinese logistics company that it says acted as a sales representative for blacklisted Iranian airline Mahan Air. The sanctions on Shanghai Saint Logistics Ltd., which has offices in Shanghai and Beijing, are part of ongoing efforts by Washington to shut down an airline… Read More
5th May 2020
Banks face longer transaction processing times and possible sanction violations as the coronavirus crisis puts pressure on their compliance control functions, experts warn. Customers’ rapidly changing supply chains are a growing concerns for banks. As lockdown measures are causing logistical challenges, businesses must increasingly change third-party providers at short notice,… Read More