Featured Iran

Iran wants nuclear talks that lead to lifting of U.S. sanctions, president says

Iran wants to resume nuclear talks with world powers that would lead to removal of U.S. sanctions, Iranian President Ebrahim Raisi told the annual U.N. General Assembly on Tuesday as negotiations about reinstating a 2015 nuclear pact have stalled. “The Islamic Republic considers the useful talks whose ultimate outcome is… Read More

How the ‘War on Terror’ exposed compliance gaps in Swiss companies

Whether it was turning a blind eye or doing business with blacklisted entities, Swiss firms’ due diligence practices were put to the test amid the crackdown on terrorism that followed the September 11 terrorist attacks.  Almost two decades after planes brought down New York’s World Trade Center towers, a… Read More

Álex Saab, Venezuela’s Keeper of Financial Secrets, Approved For Extradition to US

By Seth Robbins, InSight Crime, 7 September 2021 Insight Crime — A court in Cabo Verde has approved the extradition to the United States of Colombian businessman Álex Saab, who may hold key information on alleged money laundering schemes involving Venezuelan President Nicolás Maduro and other top… Read More
6th September 2021
The United States has sanctioned four Iranian intelligence operatives behind a failed plot to kidnap a U.S. journalist and human rights activist, the U.S. Treasury Department said on Friday. The sanctions come after U.S. prosecutors in July charged the four with plotting to kidnap the New York-based journalist who was… Read More
6th September 2021
An Iranian tanker carrying fuel bound for Lebanon was at anchor in the Red Sea on Friday ahead of the final leg of a voyage to Syria, which is set to pose the biggest test yet to US sanctions imposed on two arch regional foes. The tanker is expected… Read More
3rd September 2021
The United States has told financial institutions that they may process personal remittances here to Afghanistan, a Treasury Department spokesperson said on Thursday, a move taken in tandem with steps to ensure the continued flow of humanitarian aid. The decision to allow money transfers could provide some relief for… Read More
31st August 2021
Two banks conducting reviews of transactions recently reached settlements with the U.S. Treasury Department after finding sanctions violations during the lookback process. Each bank, the London-based Bank of China (UK) Limited and Romania-based First Bank SA,  voluntarily self-disclosed the allegations and the cases were deemed non-egregious, according to enforcement… Read More
30th August 2021
The leader of Lebanon’s Iran-backed Hezbollah group, Sayyed Hassan Nasrallah, said on Friday a third vessel of Iranian fuel was agreed to ease crippling shortages in the country. “We have agreed to start loading a third vessel,” Nasrallah said in a televised speech. “The coming days will prove those doubtful… Read More
17th August 2021
The Meng Wanzhou extradition hearings began its final week of scheduled court dates this morning, as defence lawyer Mark Sandler tore into U.S. allegations that the Huawei Technologies CFO misled HSBC into violation sanctions against Iran. The defence continued an apparent change in strategy started last week – a focus… Read More
16th August 2021
The United States imposed sanctions on an Omani businessman and companies linked to him over allegations of involvement in an oil-smuggling network that supports Quds Force of Iran’s Islamic Revolutionary Guard Corps (IRGC-QF). The measures, announced on Friday, come as talks to revive the nuclear deal between Iran and… Read More
11th August 2021
Iran’s new president picked a hawkish Foreign Ministry veteran with close ties to the military elite to replace Mohammad Javad Zarif as the nation’s top diplomat, underscoring the shift in power that’s clouding the resumption of nuclear talks with world powers. Hossein Amirabdollahian, a fluent Arabic speaker and previously deputy… Read More
3rd August 2021
Iran will take steps to lift “tyrannical” sanctions imposed by the United States, hardline Shi’ite cleric Ebrahim Raisi said on Tuesday after winning the endorsement of the country’s supreme leader to become president. Former U.S. President Donald Trump ditched Iran’s 2015 nuclear deal with six powers three years ago and… Read More
30th July 2021
The U.S. is reportedly planning to issue sanctions targeting Iran’s drone and guided missile programs, with officials citing potential threats to U.S. national security. The Wall Street Journal reported that U.S. officials, who spoke on the condition of anonymity, said the planned actions are aimed at disrupting the development of Iran’s… Read More