Tag: Sanctions

US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctions using the petro. Also Read: In the Daily: Exchange […]

Venezuela Files Complaint With WTO Regarding US Sanctions Targeting Petro

Venezuela Files Complaint With WTO Regarding US Sanctions Targeting Petro On Jan. 8, the World Trade Organization (WTO) published a dispute settlement request that was filed by the Bolivarian Republic of Venezuela with regards to executive orders and sanctions maintained by the United States that target Venezuela and the nation’s […]

Cryptocurrency Exchanges Eye Russia for Expansion Despite Sanctions

Cryptocurrency Exchanges Eye Russia for Expansion Despite Sanctions Sanctions imposed by governments as part of geopolitical struggles do not always filter through to under-regulated industries. Ambitious businesses covet every opportunity for expansion and diversification. That seems to be the reason why a growing number of crypto exchanges are turning their […]

ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Evade US Sanctions

ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Evade US Sanctions Malta’s Pilatus Bank has been shut down by the European Central Bank (ECB). Its banking license was revoked after its chairman was charged in the U.S. with money laundering and organizing a scheme to evade U.S. […]

U.S. Senators Push for Stronger Sanctions Against Venezuelan Petro

U.S. Senators Push for Stronger Sanctions Against Venezuelan Petro A bipartisan group of senators in the United States are seeking strong sanctions against Venezuela’s Petro. The proposed sanctions would extend an executive order from March to prohibit U.S. residents from providing software to the Venezuelan government in its efforts to […]

Analysts Suspect Cryptocurrencies Used to Evade US Sanctions in North Korea

Analysts Suspect Cryptocurrencies Used to Evade US Sanctions in North Korea During an interview earlier this week, two Washington-based financial intelligence analysts explain that North Korea is using cryptocurrencies to evade US sanctions. The intelligence researchers Lourdes Miranda, and Ross Delston say the Pyŏngyang region is actively trading established digital […]

Iran Steps Up Plan for National Crypto After US Sanctions

Iran Steps Up Plan for National Crypto After US Sanctions Right after Washington’s move to impose sanctions that will restrict Iran’s access to US currency, reports came out that Tehran is speeding up the project to develop a national cryptocurrency. Officials in the Islamic Republic believe the state-issued coin could […]