Trump’s Crypto Firm Struck Deal with Network Tied to Blacklisted Scam Group
World Liberty Financial, the Trump family-linked crypto venture, announced a deal in November to enable its USD1 stablecoin on a crypto network whose flagship resort project was controlled by two men the U.S. government had sanctioned weeks earlier as alleged operatives of an Asian scam ring.
Julius Baer Ordered to Rehire Staffer Who ID’d Potential Sanctions Violations
A German labor court has ruled that Julius Baer Group’s Frankfurt arm wrongly dismissed a manager who had raised internal concerns about alleged sanctions violations linked to the onboarding of clients from Iran and Russia.
OFAC Targets Iran ‘Rahbar’ Networks, Warns on China Refinery Risks
OFAC designated 35 entities and individuals it said help run Iran’s shadow-banking system, focusing on private companies known as “rahbars” that move money for sanctioned Iranian banks through foreign shell companies and front-company accounts.
Russia-DPRK Alliance Poses Growing Threat to Sanctions Enforcement
A deepening military and economic partnership between North Korea and Russia is systematically undermining the international sanctions architecture built over decades to constrain Pyongyang, while fueling a conventional arms buildup that raises the risk of war on the Korean Peninsula.
Sanctions and War are Fueling China’s Efforts to Bypass SWIFT
China’s two-decade effort to build an international financial system anchored by its currency, the renminbi, is gaining traction as wars and Western sanctions push U.S. adversaries to seek alternatives to the dollar.
Latest OFAC Actions Target ’Shadow Fleet’ and ’Teapot’ Refinery
The U.S. Treasury Department on Friday sanctioned a major Chinese independent oil refinery and roughly 40 shipping firms and vessels tied to what it called Iran’s “shadow fleet,” in the latest action under a campaign Treasury has dubbed “Economic Fury.”
Tether Freezes $344mn in USDT in Coordination with OFAC
Tether froze more than $344 million in USDT across two addresses Thursday in coordination with the U.S. authorities, the stablecoin issuer announced, in one of the largest compliance actions in the company’s history.
Explainer: What’s in the EU’s 20th Russia Sanctions Package?
The European Union on Thursday formally adopted its much delayed 20th package of restrictive measures against Russia and the bloc’s biggest package of designations in two years. Here’s what’s in it.
U.S. Blacklists Network Allegedly Linked to Iran’s Arms Procurement
The U.S. Treasury on Tuesday imposed sanctions on 14 individuals, entities, and aircraft in Iran, Turkey, and the United Arab Emirates that it said were involved in arming Iran with missiles and drones.
Five Banking Giants Tied to Alleged Iran Sanctions-Evasion Scheme
Five of the world’s largest banks have been drawn into allegations that they unwittingly processed payments tied to a sanctions-evasion and money-laundering scheme benefiting Iran.