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Wall Street Journal: Turkey’s Halkbank is required to face US prosecution regarding charges related to Iran sanctions violations
The decision comes as the Biden administration intensifies efforts against Iran’s oil sales and follows extensive legal battles, including considerations by the U.S. Supreme Court, regarding the bank’s trial for alleged sanctions violations. A US based attorney for Halkbank and a Turkish Embassy representative in Washington did not provide comments on the ruling…
US Treasury sanctions Sudanese armed forces weapons procurement director
Mirghani Idris Suleiman (Idris) is the target of these proceedings for leading the Sudanese Armed Forces’ (SAF) efforts to acquire weapons for use in its ongoing war with the Rapid Support Forces (RSF).
BBC: Ex-President of Peru jailed for over twenty years for corruption
Prosecutors claim that Alejandro Toledo received £27 million in bribes from a Brazilian construction company for a road contract in southern Peru during his time in office from 2001 to 2006. Toledo was arrested in California five years ago and extradited to Peru with Odebrecht admitting to paying millions in bribes for government contracts throughout Latin America…
US Treasury targets actors involved in drone production for Russia’s war against Ukraine
Applies to three entities and one individual for their involvement in the development and production of Russia’s Garpiya series long-range attack unmanned aerial vehicle (UAV).
US DoT expands targeted sanctions on Iran’s petroleum and petrochemical sectors in response to the attack on Israel
The US is expanding sanctions on Iran’s petroleum and petrochemical sectors following Iran’s October 1 attack on Israel, which marks its second direct assault this year. This move aims to increase financial pressure on Iran by restricting its capacity to generate essential energy revenues that could destabilize the region and threaten US allies…
OFAC targets financial networks linked to Hizballah and trafficking of the drug Captagon in Syria
The OFAC has designated three individuals and four companies involved in a Lebanese network that evades sanctions to generate revenue for Hizballah. The OFAC designated three individuals connected to the production and trafficking of Captagon, a highly addictive drug benefiting Bashar al-Assad’s regime and Hizballah. This action, authorized under Executive Order 13224, aims to disrupt financial schemes that fund Hizballah’s operations…
SEC issues $12m Award to Joint Whistleblowers, who provided critical information and assistance in an SEC enforcement action
The joint whistleblowers provided the SEC significant information and extensive cooperation, which helped expand the scope of the investigation and the charges brought in the enforcement action and also saved the agency substantial time and resources. The joint whistleblowers met numerous times with SEC’s enforcement staff and certain of the joint whistleblowers suffered hardships due to their whistleblowing…
OCC issues cease and desist order, assesses $450m civil money penalty, and imposes growth restriction upon TD Bank, N.A. for BSA/AML deficiencies
Deficiencies in the bank’s BSA/AML program included those related to internal controls and risk management practices; risk assessments; customer due diligence; customer risk ratings; suspicious activity identification, evaluation, and reporting; governance; staffing; independent testing; and training, among others.
US Treasury sanctions Sudanese rapid support forces Procurement Director for supplying weapons to sustain Sudan conflict
“At a time when the United States, the United Nations, the African Union, and others are advocating for peace, key individuals on both sides—including Algoney Hamdan Daglo Musa—continue to procure weapons to facilitate attacks and other atrocities against their own citizens,” said Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith. “The United States will continue to hold accountable those who seek to prolong this conflict and restrict access to vital humanitarian assistance at a time of famine and fragility.”
US Treasury sanctions significant international Hamas fundraising network
Targets three individuals and one sham charity that are prominent international financial supporters of Hamas, as well as one Hamas-controlled financial institution in Gaza.
US Treasury Sanctions Members of the Russia-Based cybercriminal group Evil Corp in Tri-Lateral Action with the UK and Australia
Evil Corp is a Russia-based cybercriminal organization responsible for the development and distribution of the Dridex malware. Evil Corp has used the Dridex malware to infect computers and harvest login credentials from hundreds of banks and other financial institutions in over 40 countries, resulting in more than $100 million in theft losses and damage suffered by U.S. and international financial institutions and their customers…
US Treasury sanctions Houthi weapons smuggling and procurement networks
This action targets key procurement operatives and suppliers located in Iran and the People’s Republic of China (PRC) that have enabled the Houthis to acquire dual-use materials and components needed to manufacture, maintain, and deploy an arsenal of advanced missiles and unmanned aerial vehicles (UAVs) against U.S. and allied interests.
