Sanctions

The trial of Russian businessman Dmitry Klyuev, accused by French prosecutors of laundering proceeds of the $230 million Magnitsky Affair fraud through luxury purchases in France, opened in Paris on Monday. 

The Trump administration is weighing whether to designate Brazil’s two largest drug gangs as terrorist organizations, a step that could expand the U.S. sanctions toolkit to include financial restrictions on the groups and their associates.

Britain has expanded its crackdown on Southeast Asia’s scam economy by sanctioning Xinbi, a Chinese-language crypto marketplace that officials say helped service scam centers, along with Legend Innovation Co., the operator of Cambodia’s “#8 Park” compound, and six individuals allegedly tied to the network.

A bipartisan pair of U.S. senators is set to introduce legislation that would seek sanctions on senior Hungarian officials involved in blocking aid to Ukraine and maintaining the country’s reliance on Russian energy.

Binance failed for months to cut ties with a payment-processing vendor despite a series of red flags that pointed to possible sanctions evasion and money laundering involving transfers later linked to Iran.

China remains the destination for about 90 percent of Iranian crude exports despite a recent U.S. sanctions waiver intended to release previously restricted oil onto global markets.

It was a tiny Swiss bank, headquartered in an open-plan office close to Lake Zurich and little known abroad. But MBaer Merchant Bank AG would sometimes charge clients 10 times the normal rate to process payments.

India has purchased its first cargo of Iranian liquefied petroleum gas in years after the United States temporarily lifted sanctions on Tehran’s oil and refined fuel exports.

Russia is reaping a financial windfall from the U.S.-Israel war against Iran, as supply disruptions in the Middle East drive up global fertilizer prices and sharpen debate in Europe over whether to ease curbs on Russian exports.

An Irish alumina refinery owned by Russian metals group Rusal is part of a supply chain that appears to end with Russian arms manufacturers involved in the war in Ukraine, according to new reporting by The Guardian that cites leaked records and public trade data.