08 Nov 2018

Tehran keeps probing crypto in search of sanction relief

Iran employs a variety of methods, including cryptocurrency transactions, to avoid international sanctions. In an October advisory statement, the US Treasury Department’s Financial Crimes Enforcement Network stated that “with the full re-imposition on November 5th of sanctions lifted under the Joint Comprehensive Plan of Action, FinCEN expects that Iranian financial

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06 Nov 2018

Venezuela seeks to repatriate $550 million of gold from Britain

Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters. Venezuela’s hard currency holdings have dwindled as existing U.S. financial

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02 Nov 2018

Iran Sanctions Kick In, With Biggest Oil Disruption in Years

“Midnight on Sunday will mark a dividing line in the world of oil. Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government. The Middle East’s third-biggest oil producer has already seen many buyers flee, with sales tumbling 37 percent since President Donald

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26 Oct 2018

Venezuela Is Said to Move Cash Through an Obscure Russian Bank

“An obscure Moscow-based state-run bank has emerged as a key player in Venezuelan President Nicolas Maduro’s efforts to work around U.S. sanctions that are cutting his country off from the global economy. Evrofinance Mosnarbank, which is jointly owned by Russia and Venezuela but not subject to sanctions itself, has been

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26 Oct 2018

North Korea is using the internet ‘like a criminal syndicate’

“North Korea has long been known as a hermit kingdom, but it is learning to embrace the internet. The Asian country has ‘dramatically’ changed its internet use patterns, according to a new report, which could make imposing sanctions and defending American networks more difficult. North Korea is using cyber operations

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18 Oct 2018

Dollars Are Out, Euros Are In as U.S. Sanctions Sting Venezuela

“Venezuela said it will shun the greenback and inject 2 billion euros ($2.3 billion) into its sinking economy as U.S. sanctions limit the cash-strapped nation’s access to capital markets. Economy Vice President Tareck El Aissami said Tuesday that going forward all government auctions of foreign exchange would be quoted in

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11 Oct 2018

One-fifth of Chinese tycoons drop out of Hurun Rich List

As of August 15th, 456 Chinese businessmen lost their position on the Huran Research Institute’s “Rich List” of individuals worth over 2 billion yuan ($290 million USD) in 2018. This number accounts for 21% of the total and marks the largest drop-off since the data started being compiled 20 years

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11 Oct 2018

US senators order Magnitsky probe as Saudi Arabia’s Capitol Hill clout plummets

“The leaders of the Senate Foreign Relations Committee and 18 other senators have sent a letter to President Donald Trump that could pave the way for sanctions in the disappearance of a dissident Saudi journalist. Committee chairman Bob Corker, R-Tenn., and ranking member Bob Menendez, D-N.J., are leading a call

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08 Oct 2018

Under US pressure, Iran passes anti-terror financing bill

Iran has passed a law against terrorist financing in order to maintain international economic ties with partners, as the U.S. increases economic pressure and sanctions removed under the Nuclear Deal return. The law is an attempt to satisfy the October 2018 deadline for increased regulations against terror financing given to

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27 Sep 2018

Xi Jinping says trade war pushes China to rely on itself and ‘that’s not a bad thing’

Chinese President Xi Jinping is working hard to boost confidence and prepare the country politically for the fallout of the ongoing trade war with the U.S. Trying to balance its “opening up” policy with an emphasis on self-reliance, Xi has emphasized the importance of developing technology, agriculture, and other sectors

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