Standard Chartered Bank (SCB), a global financial institution headquartered in London, England, has agreed to forfeiture of $240 million, a fine of $480 million, and to the amendment and extension of its deferred prosecution agreement (DPA) with the Justice Department for an additional two years for conspiring to violate the International Emergency Economic Powers Act (IEEPA)
Tag: Iran Regime Sanctions
Despite sanctions Bulgaria signs six agreements with Iran to widen cooperation
The agreements were signed during a meeting between Iran’s visiting Minister of Roads and Urban Development Mohammad Eslami with Bulgarian senior officials, including Prime Minister Boyko Borissov, in Sofia on Thursday
Iranian airline sanctions and implications
At the beginning of the year, Germany stopped Iran regime’s Mahan Air flights from operating in the country. Germany had security concerns regarding Iran’s use of the airline to carry out illegal activities in Syria through the Islamic Revolutionary Guard Corps which has since been designated as a foreign terrorist organisation (FTO) by the United States
Turkey and Iran vows to get around U.S. sanctions
Iran is seeking to shore up its relations with Turkey, after it has conducted high level meetings with Iraq and Syria in recent weeks. Iranian Foreign Minister Mohammad Javad Zarif journeyed to Ankara where he met with Turkey’s foreign minister in a joint press conference…
German government is against Israel and pro Iran
German Chancellor Angela Merkel likes to think of herself as a friend of Israel. In a speech she gave in the Knesset in Jerusalem in Mach 2008, she said…
Report to congress on Iran sanctions
Successive Administrations have used sanctions extensively to try to change Iran’s behavior. Sanctions have a substantial effect on Iran’s economy and on some major decisions, but little or no effect on Iran’s regional malign activities…
Turkey tries new ways to avoid U.S. sanctions on Iran
Foreign Minister Mevlut Cavusoglu said on Wednesday Turkey is looking into establishing new trade mechanisms with Iran, like the INSTEX system set up by European countries to avoid U.S. sanctions reimposed last year on exports of Iranian oil…
Iran lawmakers want to sanction Apple or the ‘iPhone company’
Iranian lawmakers are preparing a “double-urgency” bill to sanction the American company Apple, Khabar Online news website reported April 16…
Ankara expects Washington to extend Turkish waiver on Iran sanctions
Ankara expects the United States to extend a waiver granted to Turkey on oil purchases from Iran, exempting Turkey from U.S. sanctions, Turkish presidential spokesman Ibrahim Kalin said in Washington on Tuesday…
Former Obama official suspected of interfering with president’s policy
When President Trump took office, he announced the U.S. would withdraw from the John Kerry-negotiated and Barack Obama-approved deal with Iran, contending it would not accomplish the objective of halting the mullah-led regime’s nuclear-weapons program…
Unicredit from Italy will pay fine to settle US sanctions probe
Italy’s top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, U.S. authorities said on Monday…
