15 suspected Hizballah members are on trial in France, charged with money laundering Colombian narcotics money. The individuals are believed to have trafficked cocaine for a Colombian drug cartel and used their proceeds to purchase weapons for Hizballah. The cell is believed to have used some of the funds to purchase luxury goods like watches […]

The Islamic State in Afghanistan has financed some of its terrorist attacks and activities in Pakistan through kidnappings for ransom. Three men were arrested in Karachi for financing the Islamic State in Afghanistan through kidnappings for ransom. The men conducted 5-6 kidnappings and sent the money to the Islamic State in Afghanistan through hundi and hawala […]

According to recent reports, Angola has developed a  “reputation as a refuge for international terror financiers,” specifically Hizballah.  Hatem Barakat and Kassim Tajideen are accused of using Angola as a terrorism financing hub. The two individuals were recently arrested in South America and Morocco. However, their companies continue to operate in Angola. The companies were […]

Cyber actors are reported to have committed financial crimes on behalf of North Korea, raising money for the country’s ballistic missile and nuclear programs. DPRK is believed to have generated $1.1 billion from this activity, and $100 million in 2014 alone. In February 2016, the country’s cyber actors executed a cyber attack on the SWIFT […]

  The UK’s foreign intelligence service believed that Michael Foot, a British Labour party politician, was a paid information of the Soviet Union.  He was not considered to be a spy or conscious agent. Instead, he was used for disinformation purposes in return for the equivalent of £37,000 in today’s money. The disbursements to Foot […]

Standard Chartered bank is under additional scrutiny for its relationship with Iran. The bank, which was previously fined twice in relation to sanctions evasion, is now under investigation for facilitating payments for firms based in the UAE trading with Iranian counterparts. In 2007, the bank paid a $300 million fine for a flaw in their […]

In order to combat a significant source of Taliban funds, the US has undertaken 9 months of airstrikes against opium production sites in Afghanistan. The Taliban is believed to earn hundreds of millions of dollars every year in the opium trade, accounting for approximately 60% of the group’s revenues. According to US sources, to date, […]

The US designated 4 companies and individuals for assisting Divetechnoservices, a Russian sanctioned entity, to evade sanctions. The companies and individuals provided a number of services to Divetechnoservices. The sanctioned individuals and entities are:   Vela-Marine Ltd. Marina Igorevna Tsareva  Anton Aleksandrovich Nagibin Lacno S.R.O.  Lacno was sanctioned for attempting to facilitate a payment of […]

Assets owned by the Barakat clan have been frozen by Argentina following suspicious transaction reporting from Casino Iguazu.  The Argentinian casino reported that individuals would convert cash into chips and back again. The Barakat clan is believed to have crossed into Argentina from Brazil for the purposes of laundering their money through the Casino in […]

Samantha Elhassani aka Samantha Sally was charged on 22 August 2018 with providing material support to the Islamic State. She is alleged to have provided material support to the Islamic State between fall 2014 and summer 2015 by acquiring tactical gear for the group and providing funds for two individuals who joined the Islamic State. […]

North Korea is believed to have illegally imported coal and iron into South Korea by transhipping it through Russia, according to recent reports. According to South Korea, approximately $6 million worth of coal and pig iron illegally entered their ports last year from North Korea, potentially in violation of UN sanctions. Three local companies were […]

According to a US indictment, Abdullahi Ahmed Abdullahi has been charged with providing material support to terrorists. The RCMP arrested Abdullahi on 15 September 2017 following a US extradition request. According to the US indictment, “Abdullahi committed an armed robbery of a jewelry store for the purpose of financing the travel and efforts of co-conspirators […]

According to the Iranian Parliament Research Centre, problems between Iranian and foreign banks is non-sanction related. The research centre writes that Iranian banks are lagging behind their Basel III requirements, specifically regulation, supervision, risk management, and the implementation of basic AML/CFT requirements. The research centre also pointed out that Iran lacks strong supervisory institutions in the […]

On 15 May 2018, the US Department of the Treasury‘s Office of Foreign Asset Control announced new sanctions against the governor of the Central Bank of Iran, the chairman and CEO of Al-Bilad Bank (Iraq), and a Hizballah financier. According to OFAC, Valiollah Seif, the governor of the Central Bank of Iran facilitated the movement […]

On 16 May 2018, Turkey’s state-controlled bank Halkbank’s deputy general manager (Mehmet Hakan Atilla) was sentenced following a January 2018 conviction for helping Iran evade US sanctions. He helped Iran spend oil money abroad using fake gold and food transactions as cover. The central figure in the scheme was a Turkish-Iranian gold trader  (Reza Zarrab) […]