Saturday, August 20, 2022

sanctions

U.S. sanctions Venezuelan judge and prosecutor for roles in the trial of Citgo’s former executives

The United States on Wednesday imposed sanctions on a Venezuelan judge and a prosecutor over their roles in the trial of six former executives of U.S. refiner Citgo sentenced to prison by a Venezuelan court last month. The U.S. Treasury...

How will Brexit impact sanctions and money laundering rules?

As the UK prepares for a future outside of the EU, one of the areas financial services companies in particular have to consider is sanctions. As of 11pm on the 31st December 2020, the UK will no longer subject to...

Swiss freeze financial assets of Belarus president Lukashenko

Switzerland has frozen the financial assets of the president of Belarus, Alexander Lukashenko, following the violent aftermath of the elections in the east European country. Lukashenko and son Viktor are among 15 people banned from entering or travelling through Switzerland,...

UK sanctions Gambia’s ex-President Yahya Jammeh over human rights abuses

The United Kingdom has slapped sanctions on The Gambia’s former president Yahya Jammeh, as it widened travel bans and economic sanctions for human rights abuses worldwide. Jammeh, whose election defeat to Adama Barrow in December 2016 forced him to flee,...

Berkshire Hathaway to pay $4.1m to settle Iran sanctions violation

Berkshire Hathaway Inc. has agreed to pay roughly $4.1 million to settle allegations that a Turkish subsidiary violated U.S. sanctions on Iran. The U.S. Treasury Department on Tuesday alleged that Berkshire’s indirect subsidiary—Iscar Kesici Takim Ticareti ve Imalati Limited Sirket—sold cutting tools...

U.S. judge rules Turkey’s state-run Halkbank must face Iran sanctions case

A U.S. judge on Thursday refused to dismiss an indictment accusing state-owned Turkish lender Halkbank of helping Iran evade American sanctions. U.S. District Judge Richard Berman in Manhattan rejected Halkbank’s claim that the Foreign Sovereign Immunities Act shielded it from...

FinCEN Files: Associate of President Putin dodged sanctions through Barclays

One of Vladimir Putin's closest friends may have used Barclays Bank in London to launder money and dodge sanctions, leaked documents suggest. Billionaire Arkady Rotenberg has known the Russian president since childhood. Financial restrictions, or sanctions, were imposed on Mr Rotenberg by...

US sanctions International Criminal Court officials over probe into alleged war crimes

The US has imposed sanctions on senior officials in the International Criminal Court (ICC), including chief prosecutor Fatou Bensouda. Secretary of State Mike Pompeo accused the court of "illegitimate attempts to subject Americans to its jurisdiction". The Hague-based ICC is currently...

UBS cuts ties with Venezuelan clients over U.S sanction concerns

UBS Group AG is severing ties with some Venezuelan clients it serves from the U.S. as the Trump administration tightens sanctions on a country that’s mired in a power struggle.     The decision affects a number of accounts with links to...

Ohio State University professor charged for sharing U.S funded research with China

A medical researcher and professor who had been working most recently at Ohio State University is facing federal charges in what prosecutors say was a sophisticated scheme to transfer U.S.-backed research to China. Song Guo Zheng, 57, of suburban Hilliard,...

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India seizes $46 million from crypto exchange Vauld in money-laundering probe

India’s anti-money laundering agency has frozen assets worth $46.4 million from the local entity of Vauld for facilitating “crime-derived”...