Embezzlement sanctions in Alberta: Pay $3.4 million
More than 200 people had invested in Summerside Plaza, which opened in 2015 south of Edmonton, Canada. The Alberta securities watchdog found that a Calgary man violated the province’s laws and ordered him to pay $3.4 million. Last year, a panel from Alberta’s Alberta Securities Commission (ASC) found that Ali Ghani and five entities he […]
India digitizes sanctions and approvals
The Ministry of Road Transport and Highways (MoRTH) is making the sanctioning and approval process of national highways paperless. A new standard operating procedure (SoP) has been finalized to speed up the process. The new procedure has been made mandatory for all work carried out through the National Highways Authority of India, state governments, Border […]
The EU announced the expected decision: Iran’s Censoring Tech Firm Removed from Sanctions List
Despite protests by Iranian democracy activists, the European Union has removed ArvanCloud, an Iranian technology firm accused of censorship, from its human rights sanctions list. According to the official gazette of the European Union, Arvan Cloud (also known as Abr Arvan; Noyan Abr Arvan Co.; Arwan Company; Arvancloud) has been removed from the sanctions list. […]
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 […]
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 […]
This time the US is targeting North Korea’s military financing
On Wednesday last week, the United States announced sanctions against six individuals and two entities based in Russia, China and the United Arab Emirates for funneling funds to North Korea’s weapons programs. The US Treasury Department and the South Korean Foreign Ministry said in a statement that this step was taken in coordination between the […]
Germany reviews EU decision on ArvanCloud sanctions
The German Foreign Ministry spokesperson announced that the removal of Iranian firm ArvanCloud from the EU sanctions list is under review. The company was at the center of anti-government protests in 2022 over its role in Iran’s internet censorship. And it was sanctioned at the time. “The case is currently under review by the European […]
Czechs sanction pro-Russian Medvedchuk and his website
The Czech government has sanctioned two individuals, including pro-Russian Ukrainian politician Viktor Medvedchuk and the news website voiceofeurope.com, for leading a pro-Russian influence operation in Europe, the Czech Foreign Ministry announced. Medvedchuk, who was transferred to Russia in 2022, allegedly secretly financed the Czech-registered Voice of Europe’s influence operations, including financial support for European politicians […]
US Treasury puts 13 Russian firms on radar for using crypto to evade sanctions
13 financial firms are accused of facilitating trading on the Russian market. They are therefore under scrutiny by the US Treasury Department. The US Treasury Department has imposed sanctions on these 13 business entities and 2 individuals. According to a press release from the Treasury Department’s Office of Foreign Assets Control, the majority of the […]