sanctions

Russian Bank Throttles Visa, Mastercard Post Sanctions
Russian Bank Throttles Visa, Mastercard Post Sanctions
December 20, 2018  |  International

Promsvyazbank, the Russian state bank that was hit by sanctions by the U.S., has lowered its security deposits that go to Visa and Mastercard, reported...

READ MORE >
SWIFT Kicks Iranian Banks Off Messaging System Due To Sanctions
SWIFT Kicks Iranian Banks Off Messaging System Due To Sanctions
November 06, 2018  |  International

SWIFT, the messaging system that connects over 11,000 financial institutions as they transfer money around the globe, has ended its relationship with Iranian banks, succumbing...

READ MORE >
SWIFT Exit For Iran As Sanctions Loom?
SWIFT Exit For Iran As Sanctions Loom?
October 18, 2018  |  B2B Payments

SWIFT controversy over the messaging system’s place on the world stage continues, and U.S. sanctions toward Iran loom. Elsewhere, digital payments are on the rise, and...

READ MORE >
US Treasury: JPMorgan Will Settle Sanction Claims For $5.3M
US Treasury: JPMorgan Will Settle Sanction Claims For $5.3M
October 07, 2018  |  Banking

To settle claims that it broke Iranian sanctions, Cuban Assets Control Regulations and Weapons of Mass Destruction bank regulations, JPMorgan Chase has agreed to a $5.3...

READ MORE >
Deal Would Allow ZTE To Work With US Suppliers Again
Deal Would Allow ZTE To Work With US Suppliers Again
May 28, 2018  |  Regulation

A month after ZTE was banned from buying tech components from American companies after reportedly breaking U.S. sanctions against North Korea and Iran, the company...

READ MORE >
U.S. Sanctions Hit ZTE Hard   
U.S. Sanctions Hit ZTE Hard  
May 23, 2018  |  News

ZTE, the Chinese telecom firm, may see losses of as much as $3.1 billion (20 billion yuan) amid a continuing ban from the U.S. government...

READ MORE >
North Korea Using Bitcoin To Sidestep Sanctions
North Korea Using Bitcoin To Sidestep Sanctions
March 05, 2018  |  Bitcoin

North Korea might turn to bitcoin as a way to get past sanctions imposed on the country by the U.S. government. The Trump administration imposed...

READ MORE >
The Latest Gig Workers: North Korean Diplomats
The Latest Gig Workers: North Korean Diplomats
October 09, 2017  |  International

With tough sanctions by the United Nations effectively isolating North Korea from the world, the country’s embassies have been forced to engage in illicit businesses...

READ MORE >
In Iran, Banks Tread Cautiously … If At All
In Iran, Banks Tread Cautiously … If At All
May 13, 2016  |  International

The nuclear deal that is in place between Iran and a number of other nations does not have the teeth it might otherwise have to...

READ MORE >