1st April 2020
Trade is the backbone of the global economy and all of us benefit from the trading of products and services across the continents. Global Trade Atlas (GTA) expected an increase in the real value of global trade in both 2020 and 2021 to respectively 188,70.58 and 197,94.77 USD billion. While… Read More
27th March 2020
President Trump has called the coronavirus “the invisible enemy.” But when it comes to sanctions on North Korea, the pathogen may turn out to be his administration’s most effective ally. North Korea’s fear of coronavirus infection appears to have achieved what Mr. Trump’s “maximum pressure” campaign against North Korean… Read More
25th March 2020
By Nicholas Wells OCCRP — It was a glimpse of a glow of a cigarette behind the shutters of an abandoned house that led Italian police to the crime boss they had been tracking for more than a week. Officers had stopped a man on the street in the… Read More
13th March 2020
Years of rooting out drugs at the Brazilian seaport of Santos had given customs inspector Oswaldo Dias a good nose for suspicious cargo. A shipment of second-hand backhoes, bound for Europe late last year, seemed fishy. So on the morning of Nov. 18, Dias sent the machinery through a scanner,… Read More
11th March 2020
Economic sanctions regulations generally are written to be applicable to “property or interests in property.” These terms are very broad ones; for example, the Office of Foreign Assets Control’s (OFAC) Venezuela Sanctions Regulations defines them in the following way: The terms property and property interest include, but are not limited… Read More
10th March 2020
North Korea has evaded United Nations sanctions for many months by exporting coal, sand and petroleum, and importing luxury goods including armored sedans, alcohol and robotic machinery. The findings are based on an upcoming U.N. report, other assessments using satellite images and shipping data, and interviews with analysts. The exports… Read More
6th March 2020
For several months last year, a steady stream of ships was observed dredging sand in a North Korean bay then transporting it to China, a Washington-based think-tank said on Wednesday. The extraction of sand from North Korea to China would violate a 2017 U.N. Security Council resolution that prohibits North… Read More
5th March 2020
Jet Airways (India) Ltd. founder Naresh Goyal and few others have been booked by the Enforcement Directorate in a money-laundering case even as the agency is conducting searches at his premises, officials said on Thursday.  They said a criminal case against the former chairman of the airlines has been… Read More
4th March 2020
Trade-based money laundering (TBML) and tax evasion contributed to a nearly $9-trillion loss for developing countries between 2008 and 2017, according to a report published on Tuesday. Washington, DC-based Global Financial Integrity (GFI) analysed inconsistencies in import and export values between a developing economy and its developed economic partner. Adding… Read More
3rd March 2020
A Swiss company was accepting smuggled fuel from Libya inside tanks leased from Enemed between 2014 and 2015, to resell the oil at sea and the European market. Kolmar, of Zug, acquired the oil from the smuggling operation ran by Libyan smuggler Fahmi Slim Ben Khalifa, and Maltese nationals… Read More