Trump Warns India of Additional Sanctions for Buying Russian Oil
According to Times of India data, India sources about 35% of its crude oil from Russia, reaching its highest import level in the past two years in June. The U.S. has sanctioned Russian oil producers and tankers due to the war in Ukraine. U.S. President Donald Trump announced on his Truth Social platform on Wednesday […]
U.S. Sanctions Bolsonaro Case’s Judge
The United States (U.S.) has sanctioned Brazilian Judge Moraes, who is leading the investigation into former Brazilian President Jair Bolsonaro. The U.S. has triggered a new diplomatic crisis with Brazil by sanctioning Supreme Court Judge Alexandre de Moraes, who is presiding over the case of former Brazilian President Jair Bolsonaro. The Bolsonaro investigation was cited […]
The US treasury takes massive action against high-profile Iranian network
Latest sanctions are biggest Iran-related sanctions package since 2018 targets corrupt regime-linked shipping empire that has funneled billions to Tehran. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated more than 50 individuals and entities and identifying more than 50 vessels that are part of the vast shipping empire controlled by Mohammad […]
US lifts sanctions on Myanmar junta allies after general praises Trump
United States lifted sanctions designations on several allies of Myanmar’s ruling generals, two weeks after the head of the ruling junta praised President Donald Trump and called for an easing of sanctions in a letter responding to a tariff warning. Human Rights Watch called the move ‘extremely worrying’ and said it suggested a major shift […]
US Sanctions Venezuelan Gang Allegedly Linked to Maduro
The U.S. Treasury Department has announced sanctions against a Venezuelan group operating under the leadership of Venezuelan President Nicolas Maduro and allegedly supporting drug cartels. The Office of Foreign Assets Control (OFAC), an agency of the Treasury Department, announced that the organization, dubbed the Cartel de los Soles (Cartel of the Suns), has been classified […]
US sanctions North Korea trading company, individuals for IT worker schemes
The US Treasury Department sanctioned a North Korean trading company and three individuals for evading sanctions and generating revenue for Pyongyang through ‘fraudulent information technology worker schemes.’ The Office of Foreign Assets Control designated the Korea Sobaeksu Trading Company and three associated individuals –Kim Se Un, Jo Kyong Hun and Myong Chol Min — for […]
Dealer sanctioned over gatekeeping failure
Echelon Partners failed to guard against clients’ potentially-suspicious trading in U.S. OTC markets. According to Investment Executive, investment dealer Echelon Wealth Partners Inc. (now known as Ventum Financial Corp.) is being sanctioned in a settlement with the Canadian Investment Regulatory Organization (CIRO) over gatekeeping failures involving suspicious trading on behalf of several foreign brokers. According […]
US sanctioned 12 tankers and Iraqi terminal in first Iran sanctions since bombing nuclear sites
After bombing Iran’s nuclear facilities in late June amid the 12-day Israel-Iran war, the US resumed its ‘maximum pressure’ sanctions campaign on Iran. US sanctioned an Iraqi oil terminal and more than 30 individuals, entities and ‘shadow fleet’ tankers on Thursday as the “maximum pressure” sanctions campaign on Iran resumed for the first time since […]
USA sanctioned Sanctioning Senior Members of Longstanding Hizballah Financial Institution Al-Qard Al-Hassan (AQAH)
The United States sanctioned seven senior officials and one entity linked to Al-Qard Al-Hassan (AQAH), a Hizballah-controlled financial institution. These officials, through their management roles, have facilitated Hizballah’s evasion of sanctions, enabling AQAH to conduct millions of dollars in transactions through “shadow” accounts. In addition to this, the Department’s Rewards for Justice (RFJ) program is […]
USA sanctions three Mexican financial firms over suspected links to drug cartels
The Trump administration on Wednesday restricted US banks from making transactions with three Mexican financial firms over concerns that they are laundering money for drug cartels. The sanctions – the first implemented under the Fentanyl Sanctions Act and the FEND Off Fentanyl Act – targeted Mexican banks CIBanco and Intercam Banco and the brokerage firm […]