Some interesting takeaways from the recent Apple fine of $466,912 by US Treasury’s OFAC for “Apparent Violations” of US Sanctions.

The full impact of the Baltic money laundering scandal is currently playing out as numerous regulatory and prosecuting authorities and investigators look into the parties involved. At the core of the overriding international investment community’s concern is that European banks overlooked their exposure to US-designated rogue actors and allegedly facilitated transactions for them in apparent […]

Latest News Briefing now available. Covering Turkey, Money Laundering, Sanctions, Election, Eurozone, Scandals, Star Prices and much more…

Just consider – Danske Bank, BNP Paribas, Huawei… They simply failed to grasp the power and reach of US enforcement.

Not All Advice Created Equal – at times foolhardy to the point of recklessness… Response to Bloomberg Opinion: “Europe’s Trade with Iran is worth saving”. Some still pretend that doing business with Iran constitutes a viable commercial and industrial strategy, yet the evidence suggests that this is foolhardy to the point of recklessness.

Money laundering involves the deliberate cleaning up of the proceeds of crime. Increasingly this area has seen major developments in recent years in the terrorist financing and cyber space.

Why non-US entities keep falling foul of the US Sanctions & AML regime

The current revelations and allegations surrounding Nordic banks from otherwise highly reputed, transparent jurisdictions such as Sweden, Denmark, Norway and Finland reflect a typical European reluctance to accept Extra-Territoriality.

The US dollar is the single most important currency in the world with comfortably the largest share in terms of currency transactions, reserve currency and global investment presence. This has given the US unrivalled ability to leverage its national and foreign policy objectives.