sanctions

US Mulls Banning Visa, Mastercard From Processing In Venezuela
US Mulls Banning Visa, Mastercard From Processing In Venezuela
March 15, 2019  |  Latin America

The U.S. might prohibit Visa, Mastercard and other financial institutions (FIs), such as SWIFT, from processing transactions in Venezuela. Citing a senior Trump administration official, Reuters...

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UN Reveals How North Korea Uses Banks For Illegal Deals
UN Reveals How North Korea Uses Banks For Illegal Deals
March 13, 2019  |  Security & Fraud

A new report by the United Nations has revealed that global banks are being used to enable payments in illegal deals by North Korea. “Global...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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