EU prepares sanctions on Chinese banks over Russia ties
According to Bloomberg, The European Union leadership is planning to ban European companies from cooperating with two Chinese banks that have been helping Russia circumvent existing trade restrictions. According to draft documents, financial institutions operating within the European Union will be prohibited from conducting any transactions with two regional Chinese banks located near the China-Russia […]
USA sanctions Iran-backed Iraqi group
Sanctions block assets of Iran-backed Iraqi groupp Kata’ib Al-Imam Ali, prohibit US nationals from dealing with them. The US Treasury announced Thursday that it had added Kata’ib Al-Imam Ali, an Iran-backed group in neighboring Iraq, onto its sanctions list. The department’s Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons List was updated […]
US hits Hong Kong and UAE firms with new round of Iran-related sanctions
The United States unveiled another round of sanctions targeting 10 individuals and 27 entities tied to Iran’s financial network, spotlighting the crucial financial role it believes Hong Kong and the United Arab Emirates play to help Tehran avoid Washington’s efforts. Aimed at Iranian nationals and a mainland Chinese national as well as Hong Kong and […]
‘Narco subs’ trafficking cocaine targeted in latest U.S. sanction
Six accused drug traffickers allegedly using boats and ‘narco subs’ to traffic cocaine were hit with U.S. sanctions, the U.S. Department of the Treasury’s Office of Foreign Assets Control said. Four Guyanese nationals — Paul Daby Jr., Randolph Duncan, Mark Cromwell, Himnauth Sawh — and two Colombians — Yeison Andres Sanchez Vallejo and Manuel Salazar […]
Report: Japanese firm imports Russian oil via sanctioned tanker
According to Bloomberg report, which is backed by the vessel tracking data a Japanese oil refinery, Taiyo Oil Co., imported Russian crude aboard a tanker subject to U.S. and EU sanctions. The refinery received 600,000 barrels of Sakhalin Blend crude that had been transported by the tanker Voyager. The ship loaded the oil on May […]
US sanctions Iranian shadow banking network
The United States on sanctioned over 30 people and entities it said were tied to an Iranian shadow banking network used to launder billions of dollars for sanctioned institutions affiliated with the Islamic Republic. The network —run by Iranian brothers Mansour, Nasser and Fazlolah Zarringhalam— relied on front companies in Hong Kong and the United […]
US Sanctions 4 ICC members
US Secretary of State Marco Rubio announced sanctions on ICC members, in Response to the ICC’s illegitimate actions targeting the United States and Israel. Marco Rubio said that, “I am designating Solomy Balungi Bossa of Uganda, Luz del Carmen Ibáñez Carranza of Peru, Reine Adelaide Sophie Alapini Gansou of Benin, and Beti Hohler of Slovenia […]
UK considering sanctions on Ben-Gvir, Smotrich amid Gaza war
According to The New York Times, British officials are reportedly waiting to assess whether Israel allows enough humanitarian assistance into Gaza before taking further steps in imposing the sanctions. The United Kingdom is considering imposing sanctions on National Security Minister Itamar Ben-Gvir and Finance Minister Bezalel Smotrich. Ben-Gvir and Smotrich have both expressed strong support […]
US lawyer sanctioned after being caught using ChatGPT for court brief
As Guardian reports, Richard Bednar apologized after Utah appeals court discovered false citations, including one nonexistent case. The Utah court of appeals has sanctioned a lawyer after he was discovered to have used ChatGPT for a filing he made in which he referenced a nonexistent court case. According to court documents reviewed by ABC4, Bednar […]
Panama removes over 650 ships from registry amid sanctions
As Reuters reported Panama’s Maritime Authority has removed from its registry more than 650 vessels since 2019 as part of an effort to fulfill U.S. sanctions and enforce stricter rules for the ships it flags. A total of 214 vessels have been withdrawn from Panama’s registry, among the world’s largest with more than 8,500 ships, […]