8th March 2019
India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a waiver of U.S. sanctions past early May, two sources in India with knowledge of the matter said. India has reduced its purchases of Iranian… Read More
8th March 2019
The recent trial of Mexican drug lord Joaquin “El Chapo” Guzman has reignited U.S. law enforcement officials’ concerns about the use of prepaid cards to launder proceeds of crime. The purported abuse of prepaid cards by Guzman’s organization to move drug proceeds out of the United States, as depicted in… Read More
8th March 2019
AP—Former Trump campaign chairman Paul Manafort has been sentenced to 47 months in prison for tax and bank fraud related to his work advising Ukrainian politicians. Judge T.S. Ellis III imposed the sentence Thursday, capping the only jury trial following indictments stemming from special counsel Robert Mueller’s investigation. A… Read More
7th March 2019
The 28 member states of the European Union all backed a decision on Thursday to reject a proposal from the EU executive to add Saudi Arabia to a blacklist of countries suspected of being lax on terrorist financing and money laundering. The decision comes after pressure from Riyadh and other… Read More
7th March 2019
Bill Browder, an investor who campaigns to expose corruption, has filed a criminal complaint with Swedish authorities over Swedbank’s alleged link to a Baltic money laundering scandal involving Danske Bank. Several European and foreign banks have been dragged into the Danske Bank scandal, which centers on suspicious transactions totaling 200… Read More
7th March 2019
The United Kingdom is failing to hold multinational companies accountable for money laundering and other economic crimes, a watchdog group said in a report published Wednesday. The findings by London-based Corruption Watch unfavorably compared UK financial crime enforcement to supervisory efforts in the United States, noting that the United Kingdom… Read More
7th March 2019
The United States is warning banks against facilitating transactions for Venezuelan President Nicolas Maduro and his associates as American officials consider a new raft of sanctions against the contested leader. In a statement published Wednesday, US National Security Advisor John Bolton said that the White House is preparing diplomatic and… Read More
7th March 2019
The Russian accounts of Venezuelan companies, including state oil firm PDVSA, will be moved to the Russian Financial Corporation Bank (Rusfincorp), which is sanctioned by the United States, a source told Reuters on Wednesday. The decision had been agreed with the Russian government, the source, who is familiar with the… Read More
7th March 2019
Iran hopes a new trade channel with Europe aimed at cushioning the blow of reimposed U.S. sanctions will be working within weeks, its deputy foreign minister said on Wednesday. France, Britain and Germany have set up the new mechanism for non-dollar trade with Iran in response to Washington’s withdrawal from… Read More
7th March 2019
French judges have dropped preliminary charges against LafargeHolcim’s former Chief Executive Eric Olsen, said Olsen’s lawyer, which came as part of a wider investigation on whether the company helped finance Islamic State in Syria. French authorities are looking into whether French cement maker Lafarge, which was taken over by Swiss… Read More