Midweek Roundup: OFAC Sanctions Alleged Guatemalan Drug Trafficker, Ex-Greek Minister Faces Money Laundering Charges, and More

"Small, obscure" foreign financial institutions, such as Russia's First Czech-Russian Bank LLC and China's Bank of Kunlun Co. Ltd, are maintaining business ties with Iran despite U.S. and EU sanctions, according to Sunday's The Wall Street Journal. The banks and their intermediaries are demanding as much as triple the amount of fees charged by Arab Gulf banks when they did business with Iran as recently as two years ago. More The U.S. Treasury Department Tuesday blacklisted alleged Guatemalan narcotics trafficker Horst Walter Overdick Mejia for facilitating drug trades between Colombian traffickers and Mexico's Los Zetas cartel. Mejia, who is said...