Saturday, August 20, 2022

sanctions

Amazon settles US sanction violations for $135,000

Amazon.com Inc. agreed to settle allegations that it violated multiple U.S. sanctions regulations, the U.S. Treasury Department said Wednesday. The Seattle-based e-commerce giant allegedly provided goods and services to individuals or entities subject to U.S. sanctions, primarily due to deficiencies...

New York Judge scolds prosecutors in Pilatus Bank ex-CEO case

A New York federal judge has scolded prosecutors for potentially withholding evidence against an Iranian businessman convicted of being a key nexus in growing ties between the Islamic republic and fellow U.S. adversary Venezuela. In an unusual reversal, prosecutors last...

Alaska man accused of laundering $1 billion for Iran

An Alaska man accused of laundering $1 billion held in South Korea for Iran funneled nearly all the money through the United Arab Emirates, U.S. federal court documents released early Thursday show. The court documents, filed as part of a...

NCAA sanctions Oklahoma State men’s basketball team over bribery probe

Coach Mike Boynton had one hour before the storm hit. At 9:20 a.m. Friday morning, he first received word that NCAA sanctions were coming. Forty minutes later, he rushed to contact each of Oklahoma State’s 13 men’s basketball players before...

Huawei CFO gets closer to U.S. extradition after losing court case

A British Columbia Supreme Court judge ruled against Huawei’s chief financial officer Meng Wanzhou on Wednesday, dismissing one of the key arguments by the daughter of the company's founder in her fight against extradition from Canada to the United...

U.S. orders Chevron to stop producing oil in Venezuela

The Trump administration on Tuesday gave Chevron Corp (CVX.N), the last major U.S. oil company still operating in Venezuela, until Dec. 1 to “wind down” its business in the OPEC member-nation and will allow it to conduct only severely...

Industrial Bank of Korea fined $35 million for U.S. sanctions violation

Industrial Bank of Korea, one of South Korea’s largest banks, will pay $86 million to settle U.S. and New York state criminal and civil charges it allowed an illegal transfer of more than $1 billion to Iran that violated...

Turkish bank Halkbank pleads not guilty to Iran sanctions violation

A Turkish state-run bank pleaded not guilty Tuesday to allegations it funneled billions of dollars to Iran in violation of U.S. sanctions. Officials representing Halkbank entered the plea during a teleconference arraignment with U.S. District Judge Richard Herman of the...

UK fines Standard Chartered for violating Russia Sanctions

U.K. authorities have fined Standard Chartered PLC for violating sanctions that the European Union imposed on Russia following its annexation of the Crimea region of Ukraine in 2014. The British bank must pay £20.47 million ($25.41 million) for violating the...

Pilatus Bank owner Ali Sadr convicted of fraud and sanctions violation

Former Pilatus Bank chair Ali Sadr has been convicted of bank fraud, conspiracy to commit bank fraud, defrauding the United States and busting sanctions against Iran. He was, however, cleared of conspiracy to commit money laundering and faces a maximum...

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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”...