A Berlin-based advocacy group said Tuesday that Afghanistan, North Korea and Somalia remained the least trusted nations in the world for the second year in a row.
The chairman of the U.S. Senate Committee on Foreign Relations will introduce legislation intended to cut off Syria's "economic lifelines" with Russia and Iran, he said in a hearing.
The promised release of over 2 million Syrian government emails and diplomatic communiqués will create a major challenge for banks and securities firms, say compliance professionals.
U.S. financial institutions must freeze any account and block any payment linked to the Syria Islamic International Bank (SIIB), the U.S. Treasury Department announced Wednesday.
With the issuance Thursday of broad economic sanctions against Syria, banks in the United States are collaborating on a list of accounts and clients tied to the Middle Eastern government.
American banks must block any transaction tied to Syria's largest bank and report the freeze to the U.S. Treasury Department's Office of Foreign Assets Control, under sanctions issued Wednesday.
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