US Sanctions Busters Spy on Russian UBS Clients
With the takeover of Credit Suisse, UBS also acquired some clients who did not meet its risk or reputation standards. Now, the US authority responsible for sanctions is reportedly asking the major Swiss bank about its Russian clients. OFAC is said to have contacted UBS and asked questions about Russian clients. This is said to […]
US to Sanction One of Russia’s Largest Banks
Gazprombank, the last of Russia’s major state-owned banks, which maintains access to SWIFT and settlements in major world currencies, will be subject to new US sanctions. US President Joe Biden’s administration is considering the possibility of designating Gazprombank (GPB), Russia’s third largest bank by assets, which serves as a centre for gas deals with Europe. […]
Treasury targets Syrian conglomerate financing Quds Force and Houthis
The Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned 26 companies, individuals, and vessels associated with the Al-Qatirji Company, a Syrian conglomerate responsible for generating hundreds of millions of dollars in revenue for the Iranian Revolutionary Guards-Quds Force (IRGC-QF) and the Houthis through the sale of Iranian oil to Syria and the People’s Republic […]
Tech executives to face sanctions for failing to block knife content
Under the government’s new proposal, senior executives who fail to prevent dangerous and illegal knives from being advertised on their platforms will be held accountable. To combat the unacceptable use of social media and online marketplaces to market illegal weapons and glorify violence, senior executives of social media companies will face personal fines if they […]
UK sanctions Iran shipping company
The UK imposed sanctions on Iran’s national airline Iran Air and the Islamic Republic of Iran Shipping Company (IRISL) on the grounds that Iran transferred unmanned aerial vehicles to Russia. In a written statement made by the Ministry of Foreign Affairs, it was announced that the assets of Iran Air and IRISL companies will be […]