Featured USA

U.S. senator introduces bill to sanction Russia-to-Germany gas pipeline

U.S. Senator John Barrasso introduced a bill on Thursday to slap sanctions on individuals and companies developing Russia’s Nord Stream 2 natural gas pipeline project, a day after his fellow Republican, President Donald Trump, said he was considering sanctions on the pipeline. Barrasso’s Energy Security Cooperation with Allied Partners in… Read More

Trump administration reviewing foreign money to US colleges

AP — The U.S. Education Department has opened investigations into foreign funding at Georgetown University and Texas A&M University as part of a broader push to monitor international money flowing to American colleges. Both universities are being ordered to disclose years of financial records amid concerns they have not fully… Read More

Petrobras ignored warnings about fuel broker implicated in graft probe

Brazil’s Petrobras found suspicious activity in its oil trading business – and failed to stop it – six years before an alleged bribery scandal erupted in that unit in 2018, according to three people with knowledge of the situation and documents seen by Reuters. A 2012 internal probe at the… Read More
14th June 2019
Western Union Financial Services, Inc. has agreed to pay the US Treasury Department’s sanctions arm $401,697 for processing thousands of transactions over a 4-year period on behalf of a subagent that had been blacklisted for links to terrorism. The Colorado-based money services business began working with Gambia-based subagent Kairaba Shopping… Read More
13th June 2019
AP — The United States and 25 other countries are accusing North Korea of violating U.N. sanctions by importing far more than the annual limit of 500,000 barrels of refined petroleum products. A complaint seen Wednesday by The Associated Press asks the U.N. Security Council committee monitoring sanctions against North… Read More
13th June 2019
The United States on Wednesday sanctioned an Iraqi company and two of its associates, which it said had helped Iran’s Islamic Revolutionary Guard Corps-Quds force evade sanctions by smuggling hundreds of millions of dollars worth of weapons. “Treasury is taking action to shut down Iranian weapons smuggling networks that have… Read More
12th June 2019
The United States said on Tuesday that Iran’s work with advanced centrifuges is a breach of the nuclear deal Washington has already pulled out of, expressing its concern while repeating that it is open to holding talks with Tehran. In a statement to a quarterly meeting of the U.N. nuclear… Read More
12th June 2019
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
12th June 2019
Deutsche Bank has identified serious failures in its screening of cheques and high-value electronic payments for anti-money laundering (AML) and sanctions compliance purposes, the lender told the Financial Times. The lapses, which went undetected for years and were discovered as the result of an internal audit, include a “filtering gap”… Read More
12th June 2019
It is one of the most ambitious anti-money laundering (AML) bills presented to the US Congress in years, though its greater distinction may be that it arrives with something harder to come by than ambition on Capitol Hill: bipartisan support from well-placed lawmakers. Four members of the Senate Banking Committee—Sens. Read More
11th June 2019
Iran has followed through on a threat to accelerate its production of enriched uranium, the head of the U.N. atomic watchdog said on Monday, departing from his usual guarded language to say he was worried about increasing tension. The assessment comes at a time of sharply increased U.S.-Iranian confrontation in… Read More
11th June 2019
A senior American banker once secretly awarded a shareholding in powerful Moscow investment bank Renaissance Capital to one of Vladimir Putin’s closest friends and brokered meetings for the friend with top U.S. foreign policy officials a decade ago, emails show. The American banker, Robert Foresman, currently vice chairman at UBS… Read More
10th June 2019
AP — The Trump administration on Friday hit Iran with new sanctions that target its largest petrochemical company for providing support to the Revolutionary Guard Corps. The Treasury Department imposed sanctions on the Persian Gulf Petrochemical Industries Company and 39 of its subsidiaries and foreign sales agents. It said the… Read More