Dealer sanctioned over gatekeeping failure
Echelon Partners failed to guard against clients’ potentially-suspicious trading in U.S. OTC markets. According to Investment Executive, investment dealer Echelon Wealth Partners Inc. (now known as Ventum Financial Corp.) is being sanctioned in a settlement with the Canadian Investment Regulatory Organization (CIRO) over gatekeeping failures involving suspicious trading on behalf of several foreign brokers. According […]
US sanctioned 12 tankers and Iraqi terminal in first Iran sanctions since bombing nuclear sites
After bombing Iran’s nuclear facilities in late June amid the 12-day Israel-Iran war, the US resumed its ‘maximum pressure’ sanctions campaign on Iran. US sanctioned an Iraqi oil terminal and more than 30 individuals, entities and ‘shadow fleet’ tankers on Thursday as the “maximum pressure” sanctions campaign on Iran resumed for the first time since […]
USA sanctioned Sanctioning Senior Members of Longstanding Hizballah Financial Institution Al-Qard Al-Hassan (AQAH)
The United States sanctioned seven senior officials and one entity linked to Al-Qard Al-Hassan (AQAH), a Hizballah-controlled financial institution. These officials, through their management roles, have facilitated Hizballah’s evasion of sanctions, enabling AQAH to conduct millions of dollars in transactions through “shadow” accounts. In addition to this, the Department’s Rewards for Justice (RFJ) program is […]
USA sanctions three Mexican financial firms over suspected links to drug cartels
The Trump administration on Wednesday restricted US banks from making transactions with three Mexican financial firms over concerns that they are laundering money for drug cartels. The sanctions – the first implemented under the Fentanyl Sanctions Act and the FEND Off Fentanyl Act – targeted Mexican banks CIBanco and Intercam Banco and the brokerage firm […]
US sanctions on Syria are being lifted
The White House announced that US President Donald Trump will sign an executive order that will lift sanctions on Syria. White House Spokesperson Karoline Leavitt spoke at the daily press briefing. Leavitt, who stated that Trump will sign an executive order to end the US sanctions program on Syria as of today, said, “This is […]
US issues new Iran-related sanctions
Treasury Department will continue to degrade Iran’s ability to produce, proliferate ‘deadly weapons,’ says Treasury Secretary Bessent. The Treasury Department’s Office of Foreign Assets Control (OFAC) designated one individual and eight entities, and identified one vessel as blocked property, for their involvement in the procurement and transshipment of “sensitive machinery” for Iran’s defense industry, it […]
U.S. limits Huawei AI chip production
U.S. announces stricter measures on Chinese chipmakers amidst rising technological rivalry. They are limiting Huawei AI chip production to 200.000 units. According to Chosun, The Trump administration has formalized tough measures to curb China’s semiconductor ambitions. Jeffrey Kessler, Vice Minister of the U.S. Department of Commerce, stated during a congressional hearing that, under the export control […]
China plans to turn Shenzhen into AI and aviation hub amid US sanctions
Beijing is deepening reforms to accelerate the development of emerging industries in the Chinese tech hub, which faces a barrage of US trade curbs. The plan focuses on boosting Shenzhen’s ability to create scalable business models in industries such as artificial intelligence and aviation that can be replicated across China, by helping the city cultivate […]
USA sanctions Iran-backed Iraqi group
Sanctions block assets of Iran-backed Iraqi groupp Kata’ib Al-Imam Ali, prohibit US nationals from dealing with them. The US Treasury announced Thursday that it had added Kata’ib Al-Imam Ali, an Iran-backed group in neighboring Iraq, onto its sanctions list. The department’s Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons List was updated […]
US hits Hong Kong and UAE firms with new round of Iran-related sanctions
The United States unveiled another round of sanctions targeting 10 individuals and 27 entities tied to Iran’s financial network, spotlighting the crucial financial role it believes Hong Kong and the United Arab Emirates play to help Tehran avoid Washington’s efforts. Aimed at Iranian nationals and a mainland Chinese national as well as Hong Kong and […]