Recent European court decisions against the designations of Iranian banks and other companies are threatening the efficacy of international sanctions, a U.S. Treasury Department official said Monday.
German auto maker Daimler AG learned that it remained a target for foreign bribery charges by the U.S. Justice Department, an alleged Russian arms dealer who was the inspiration for the movie "Lord of War" was sentenced to 25 years in prison, and more, in the weekly roundup.
The Senate Thursday named David Cohen the nation's top sanctions official after legislators agreed to end a standoff over the U.S. Treasury Department's implementation of financial measures aimed at Iran.
While crediting financial sanctions with stemming funding for Al Qaeda, U.S. Treasury official David Cohen said that the Taliban was in much stronger financial shape because of income from extorting poppy farmers and drug traffickers and "protection" money from legitimate Afghan businesses.