$2 trillion suspicious transactions involving possible money laundering or criminal activity allegedly exposed involving the world’s major banks from 1999 to 2017 who filed over 2,100 suspicious activity reports (SARs) with FINCEN (US Department of Treasury’s Financial Crimes Enforcement Network and US domestic money laundering gatekeeper).
US Treasury OFAC Sanctions Targets – August 2020
US Treasury OFAC Sanctions Targets – July 2020
The US Sanctions case United States v. Sadr against Ali Sadr Hasheminejad was thrown out by the Southern District of New York (SDNY) in extraordinary fashion after a guilty verdict had been obtained. Egregious Brady violations revealed post-trial led to a vacated verdict and dismissal with prejudice in the US sanctions case. The US Attorney […]
US Treasury OFAC Sanctions Targets – June 2020
US Treasury OFAC Sanctions Targets – May 2020
FATF produced a highly critical Mutual Evaluation Report of the United Arab Emirates, noting that urgent action is need to combat money laundering terrorist financing proliferation financing in the UAE – which continues to attract financial flows with links to crime and terrorism.
Delighted to be on the highly recommended reading list by InternationalLawMatters.com to read during the Corona Pandemic
The realities of dealing with Unexplained Wealth Orders (UWOs) in practice were laid to bare as the UK’s National Crime Agency (NCA) failed in its High Court UWO case against the family of former Kazakhstan President Aliyev.
The first use of the EU’s INSTEX to provide humanitarian medical aid to Iran involving Germany, France, UK. At first sight, this would seem to be an entirely laudable and well-meaning measure – and indeed it is – as Iran is in desperate straits in the aftermath of the Coronavirus outbreak.