8th February 2021
An alleged international drug boss suspected of laundering millions of dollars through gaming giant Crown Resorts has been arrested in Thailand, where he is fighting efforts to be extradited to Australia. The arrest of Chung Chak “John” Lee in late December is part of ongoing efforts by Australian authorities to… Read More
4th February 2021
The U.S. has gone to court to seize 2 million barrels of oil that it claims came from Iran, as Joe Biden’s administration shows little sign of taking a softer line on Tehran. The Department of Justice filed a case in a U.S. district court, seeking to seize the cargo… Read More
25th January 2021
One of the world’s most wanted alleged drug barons – a billionaire dubbed Asia’s El Chapo – is set to finally face justice in Australia after federal police carried out a covert plot to arrest him after he was deported from Taiwan. Tse Chi Lop, 56, was arrested after departing… Read More
22nd January 2021
It may be the oil market’s worst-kept secret: Millions of barrels of Venezuelan heavy crude, embargoed by the U.S., have been surreptitiously going to China. The cat-and-mouse games that avoid detection and sanctions include ship-to-ship transfers, shell companies and silenced satellite signals. But there’s another aspect to the dodge. It… Read More
21st January 2021
The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company PDVSA sell crude mainly to Asia despite Washington’s sanctions on the South American nation. The measure targets a network that the U.S. Treasury Department says helped the administration… Read More
20th January 2021
Australian banks washed $500 million for violent South American cocaine cartels in a sophisticated money-laundering scheme, with the proceeds of crime moving through multiple countries before it was disrupted by Australian law enforcement. Between 2014 and 2017 more than $100 million in drug money was funnelled through Australian banks each… Read More
20th January 2021
The United States on Tuesday imposed sanctions on a ship involved in building the Nord Stream 2 pipeline to take Russian natural gas to Europe, as the Trump administration sought to raise pressure on the project on its last full day in office. The U.S. Treasury Department said it imposed… Read More
13th January 2021
Within the span of a week, cocaine was discovered in two separate maritime cargo containers bound for Libya, a strong indication that both the North African country and the broader region are becoming increasingly used cocaine transit routes to Europe and the Middle East. In December, customs inspectors in Malta… Read More
7th January 2021
The United States has blacklisted 16 companies and an individual linked to Iran’s metals industry as part of continued efforts by the outgoing administration of U.S. President Donald Trump to deprive the country of revenue. The U.S. Treasury said late on January 5 that it was targeting the Iranian metals… Read More
4th January 2021
The maritime sanction compliance advisories published by the United Nations Security Council Panel of Experts for North Korea, the US Department of Treasury’s Office of Foreign Assets Control (OFAC) in May 2020 and the UKs Office of Financial Sanctions Implementation (OFSI) in July 2020, have all added to the growing… Read More