JFSC director-general John Harris – JERSEY’S likely response to a request for help in an investigation involving alleged sanctions-busting by an Iranian bank said to have links to terrorism features in secret US documents released by Wikileaks. The controversial website run by Julian Assange this week released the secret communication from the US Embassy in […]

Recent OFAC Actions 9th December 2010 The following individuals have been added to OFAC’s SDN list:   TAJIDEEN, Ali (a.k.a. TAGEDDINE, Ali Mohamed; a.k.a. TAJ AL DIN, Ali; a.k.a. TAJEDDIN, Ali Mohammad Abdel Hassan; a.k.a. TAJEDDIN, Ali Mohammad Abed Al-Hassan; a.k.a. TAJEDDINE, Ali); DOB 1961; alt. DOB 1963; POB Hanaway, Lebanon; alt. POB Hanouay, Lebanon; […]

28 February 2011 Financial Sanctions: Al-Qaida and Taliban This notice draws your attention to a notification issued today on the financial sanctions pages of the Treasury website in respect of the financial measures taken in relation to Al-Qaida and the Taliban.The notification can be found at the following URL address: http://www.hm-treasury.gov.uk/d/fin_sanc_notice_alqaidataliban_280211.pdf

Recent OFAC Actions 25th February 2011 The President has signed an Executive Order Blocking Property and Prohibiting Certain Transactions Related to Libya. The property and interests in property of the Government of Libya, its agencies, instrumentalities, and controlled entities, and the Central Bank of Libya, as well as the following individuals listed on an Annex […]

EU sanctions crackdown adds UK companies to Zimbabwe blacklist – A Berkshire-based businessman and a number of his companies that operate out of Britain are today expected to be added to the European Union blacklist aimed at those said to be keeping Robert Mugabe in power in Zimbabwe. John Bredenkamp, 68, a Zimbabwean entrepreneur given […]

Aon fined for suspicious payments – The fine is the biggest yet from the FSA related to financial crime – The UK arm of the insurance broking group Aon has been fined £5.25m for making “suspicious payments” worth $7m (£4.6m) to people and firms overseas. The fine was levied by the Financial Service Authority (FSA) […]

Lloyds TSB agrees to pay fine of $350m for sanctions help – Lloyds TSB has agreed to pay $350m (£231m) to the US government for helping customers get around American sanctions on dealing with Libya, Sudan and Iran. The bank, which the British government will shortly own a 43pc stake in, agreed to settle the […]