US authorities indicted a number of Russian and Syrian nationals on Tuesday for alleged money laundering and circumvention of US economic sanctions against Syria and Crimea through the use of front companies and falsified documents, the Justice Department announced.
The European Union adopted a much-anticipated blacklist of 17 tax-haven countries on Tuesday, opening the door for future sanctions against them, Reuters reports.
In response to last month’s alleged irregularities in Venezuela’s regional elections, the US Treasury Department banned on Thursday 10 Venezuelan officials from traveling to the US, froze their US assets and prohibited Americans from doing business with them.
A complaint filed on July 21 accuses a California congressman and his staff director of lobbying against a US law that sanctions Russian officials linked to the 2009 death of a whistleblower.
The US has accused a Chinese-based company of laundering money from a sanctioned North Korean bank through American financial institutions, Reuters reported Friday.
The US government blacklisted the head of Russia’s Investigative Committee and close aide to President Vladimir Putin over alleged human rights abuses linked to the death of corruption whistleblower Sergei Magnitsky.
After Russian troops occupied the Crimean peninsula two years ago, the Kyiv government moved to block trade at all commercial ports—a move that was later supported by the European Union (EU), the US, and other countries.
Adam Szubin, acting US Treasury undersecretary for terrorism and financial intelligence, says that Russian President Vladimir Putin has been amassing secret wealth and that the United States considers him to be corrupt, reported Reuters.
Companies linked to blacklisted Russian oligarchs are avoiding Western-imposed sanctions by exploiting loopholes,the Economist has revealed.
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