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...
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...
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...
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...
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...
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...
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...
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...
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...