The United Nations Security Council Friday unanimously approved strengthening trade and economic sanctions against North Korea, including the reinstitution of financial freezes passed but not acted on in 2006.
Economic sanctions expected against North Korea over its test of a nuclear bomb will likely include companies in China, South Korea, Thailand and Russia linked to trade with the communist nation, say consultants.
The result of presidential elections this month in Iran could have a "huge" impact on whether the United States pushes to impose new economic sanctions against Iran, say analysts.
Despite all the rhetoric, combating the networks that finance terrorism and criminal organizations is not a priority for the international community, according to Jimmy Gurulé, a law professor at Notre Dame.
Two rulings in the case of an Ohio-based Muslim charity fighting a terrorism designation could tighten the timeframe federal prosecutors have for collecting evidence, say terrorist financing analysts.
New York state prosecutors charged a blacklisted Chinese metals dealer Tuesday with illegally circumventing U.S. economic sanctions through shell companies to utilize Manhattan banks.
With the growth in the number of individuals and organizations economically sanctioned globally, financial institutions face a big challenge making sure they don't violate the law. But tough times may make it harder for compliance officers to do their jobs, say Stephen Beattie of Ernst & Young.
The U.S. Senate passed a bill Tuesday that would allow businesses to travel to Cuba for the sale of agricultural and medical products, the first rollback of economic sanctions against the country in over eight years.
The Obama administration is rethinking economic sanctions introduced under former President Bush and is likely to rollback some trade prohibitions as part of diplomatic negotiations, say former government officials.
Lloyds TSB Bank Plc. has agreed to pay the United States $350 million to settle charges that it hid wire transfers with blacklisted companies, the largest sanctions-related penalty to date.
At least two cases making their way through U.S. federal courts are challenging the U.S. Treasury Department's power to sanction individuals and organizations.
The incoming Obama administration is likely to scale back limits on remittances to Cuba imposed by President Bush, a move that would be welcomed by the U.S. financial community, according to bank regulatory specialists.
The Qatari government has failed to comply with nearly a third of the international anti-money laundering and counter-terrorism financing regulatory controls recommended by an intergovernmental watchdog.
The United States should revamp how it blacklists suspected terror financiers and better coordinate how financial institutions share data on terrorist financing, according to a report issued Monday.
An EU decision Thursday to strike down a United Nations terror designation will mean more legal challenges by organizations accused of terror ties, say analysts.
OFAC Director Adam Szubin spoke with reporter Matt Squire about the effect of targeted sanctions in the first of a two-part interview.
The U.S. Treasury Department outlined Monday how it intends to enforce new penalty powers against U.S. financial institutions and other companies that violate economic sanctions.
The European Union High Court Wednesday struck down an EU decision to follow United Nations orders freezing the assets of a Saudi businessman and a charity based in Sweden suspected of funneling funds to terrorist groups.
The bill states that North Korea cannot be removed from the U.S. State Sponsors of Terrorism list unless it shows it has stopped helping other terrorism sponsors develop nuclear weapons.
A U.K. court of appeals said that the People's Mujahedin Organization of Iran should be removed from a British terror watch list.