OFAC Takes Aim at Financial Facilitators Aiding Iran’s Military
OFAC sanctioned two Iranian financial facilitators and more than a dozen individuals and entities based in Hong Kong and the United Arab Emirates for moving funds that allegedly benefited Iran’s military.
EU Weighs Sanctions on Chinese Refineries Linked to Russia
The European Commission is preparing to target several independent Chinese refineries in its forthcoming sanctions package against Russia, Reuters reported, citing unnamed EU officials.
Mexico Launches Crackdown on Cross-Border Fuel Theft
Mexico’s attorney general has vowed to issue more arrest warrants—potentially targeting government officials—in connection with sprawling fuel theft operations that siphon billions of dollars from the country.
OFAC Blacklists Cyber Scammers in Southeast Asia
The U.S. Treasury Department on Monday blacklisted 19 entities linked to large cyber-scam compounds in Southeast Asia that have targeted Americans in romance and cryptocurrency-investment swindles.
JPMorgan to Pay $330 Million to Resolve 1MDB Case in Malaysia
JPMorgan Chase will pay $330 million to the government of Malaysia to settle claims that it facilitated the processing of $800 million in fraudulent transactions linked to the looting of Malaysia’s sovereign wealth fund, 1MDB.