Tag: sanctions_evasion
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FinCEN Cuts MEXC Global Off From U.S. Financial System Over $16 Billion in Illicit Transactions
FinCEN issued an order under Operation Economic Outcast barring U.S. financial institutions from processing funds transfers involving MEXC Global, a convertible virtual currency exchanger tied to $16 billion in illicit transactions.
BusinessLaw EnforcementPolitics and GovernmentFinancial MarketsBankingLegalFederal Government FinCENMEXC GlobalOperation Economic Outcastsanctions evasionconvertible virtual currency exchangerU.S. Department of the TreasurycybercrimeFinancial Crimes Enforcement Network
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Treasury Sanctions 10 People and One Entity Over North Korean IT Worker Fraud
OFAC targets facilitators and networks behind DPRK IT worker schemes that defraud U.S. businesses and fund weapons programs, designating individuals in Russia and the DPRK.
Politics and GovernmentBusinessScience & TechnologyLaw EnforcementFederal GovernmentEconomyBankingComputers and InternetAsia OFAC sanctionsNorth Korea IT workersU.S. Department of the TreasuryScott Bessentcryptocurrency money launderingFirst Financial and Technical Development Centersanctions evasionUS Treasury
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MSMT Report Exposes North Korea's Overseas Labour Sanctions Evasion
Eleven nations release MSMT report detailing DPRK's unlawful overseas labour deployments, generating up to $800 million in 2025 and urging the UN Security Council to restore its Panel of Experts.
Politics and GovernmentWorldConflictLaw EnforcementMilitaryAsiaEuropeNorth KoreaRussiaChinaUnited KingdomAustraliaCanadaFranceGermanyItalyJapanNetherlandsNew ZealandSouth KoreaFederal GovernmentLegalEmployment and Labor Multilateral Sanctions Monitoring TeamDPRKUnited Nations Security Council resolutionsoverseas labour programsanctions evasionPanel of ExpertsUK Government
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Shadow Fleet Tanker Master Pleads Guilty to Evading U.S. Coast Guard in Atlantic Pursuit
Ship master Avtandil Kalandadze pleaded guilty to evading the U.S. Coast Guard during a weeks-long pursuit of his "shadow fleet" tanker, the Bella 1, which transported illicit Iran-origin oil, endangering service members and undermining sanctions.
Politics and GovernmentLaw EnforcementConflictWorldFederal GovernmentLegalMilitaryMiddle EastLatin AmericaTransportation Avtandil KalandadzeU.S. Coast GuardIranOil SmugglingSanctions EvasionNational SecurityMaritimeFBI
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Tanker Master Pleads Guilty to Evading U.S. Coast Guard in Weeks-Long Pursuit
Avtandil Kalandadze, master of the tanker Bella 1, pleaded guilty to evading the U.S. Coast Guard during a multi-week pursuit across the Atlantic while transporting illicit oil for U.S. adversaries.
Politics and GovernmentLaw EnforcementWorldFederal GovernmentLegalTradeMiddle EastLatin AmericaTransportation Avtandil KalandadzeU.S. Coast GuardBella 1Sanctions EvasionIllicit OilNational SecurityFBI