U.S. Targets Hezbollah Ties to Gold Exchange and Financiers
The U.S. Treasury Department imposed sanctions on a Lebanon-based gold exchange company and a network of individuals behind a procurement and commodities shipping scheme purportedly tied to Hezbollah.
OFAC Lets U.S. Firms Supply Equipment and Tech for Venezuela Oil
The Trump administration on Tuesday authorized U.S. companies to supply Venezuela with equipment, technology, and other support for oil and gas production, issuing a new general license that expands what American firms can do in the country’s energy sector.
Two Wall Street Firms Continued to Work with Russian Oligarch Despite Sanctions
Two Wall Street firms continued to manage a trust held on behalf of Suleiman Kerimov even after the Russian oligarch was blacklisted under U.S. sanctions in 2018, Bloomberg reported Tuesday.
Trump Imposed Terrorist-Grade Sanctions on U.N. Rapporteur and ICC Staff
The Trump administration placed a U.N. human-rights expert and multiple International Criminal Court officials on a U.S. sanctions blacklist typically reserved for terrorists and major criminals, according to a Reuters investigation.
How Funny Money Helps Russia Skirt Western Sanctions
Fake banknotes resembling Monopoly money are being used to move rubles over borders as part of an effort to circumvent Western sanctions on the Russian Federation, according to new reporting by the Financial Times.
U.N. Exempts 17 Humanitarian Aid Projects from Sanctions on North Korea
A United Nations committee has approved exemptions from North Korea sanctions to allow a new round of humanitarian aid projects to proceed, Reuters reported on Friday, citing an unnamed diplomatic source.
U.S. Threatens Algeria with CAATSA Sanctions over Russian Jet Fighter Deal
The United States has warned it could impose sanctions on Algeria over reports the North African country is moving ahead with a purchase of Russia’s Sukhoi Su-57E stealth fighter jets.
UK Sanctions Leaders of Sudanese Army and Paramilitary Group over Atrocities
The UK on Thursday imposed new sanctions on six individuals it says are fueling Sudan’s war, including through the recruitment of foreign fighters and financing of military operations.
Trump Administration Readies License to Extract Venezuelan Oil
The Trump administration is preparing to issue a broad Treasury Department license as soon as this week that would allow companies to pump oil in Venezuela, a move aimed at easing U.S. sanctions and jump-starting investment in the country’s decaying energy infrastructure.
Bank of Scotland Fined £160,000 for Failing to Flag Blacklisted Putin Ally
The UK’s Office of Financial Sanctions Implementation (OFSI) has levied a £160,000 monetary penalty on Lloyds Banking Group for violations of Russia sanctions made by its subsidiary Bank of Scotland Plc.