Posts Tagged ‘sanctions’

CBN sanctions UBA, GT, Access, Fidelity banks for money laundring, others

by Ikokwu Ikembaon September 25, 2019
Four major banks in the country have incurred the wrath of the Central Bank of Nigeria (CBN) and the Financial Reporting Council of Nigeria, as they have been slammed with sanctions. It was gathered that the apex bank sanctioned the banks for failure to comply with its Know-Your-Customers guidelines and the anti-money laundering requirements. The […]

US sanctions Venezuelan President, Nicolas Maduro’s son

by Ikokwu Ikembaon June 28, 2019
The US imposed sanctions on the son of embattled Venezuelan President Nicolas Maduro, the Treasury Department said Friday. The sanctions freeze any assets in the United States owned by 29-year-old Nicolas Ernesto Maduro Guerra. The US has been leading efforts to oust Maduro since his re-election in 2018, which Washington considers illegitimate. It is the […]

U.S. threatens sanctions as Europeans try to salvage Iran nuclear deal

by Ikokwu Ikembaon June 28, 2019
As senior officials from Iran and the remaining signatories to its 2015 nuclear deal met Friday to try and keep the agreement alive, the Trump administration made it clear that European nations had to choose between doing business with Iran, or doing business with the U.S. With tension high in the Persian Gulf, Tehran is […]