The White House on Friday disclosed plans to blacklist dozens of businesses in Cuba and expand existing sanctions against the Cuban government in what some have called the first step of a broader strategy to renew a U.S. embargo against the country.
Russia to examine whether agents obstructed money-laundering investigation in Moldova, Irish credit union fined for broad AML compliance failures, and more, in this week's roundup.
U.S. Treasury Department officials on Tuesday lifted banking and export restrictions against Cuba they say have stymied yearlong efforts to normalize economic and diplomatic ties with the island-nation.
Should Iranian companies rejoin global markets next year under the terms of last month's intergovernmental accord, sanctioned Russian businesses could be discreetly riding on their coattails.
U.S. officials are increasingly relying on economic sanctions as a tool of foreign policy, but the effectiveness of sanctions in achieving policy objectives is questionable, according to Bryan Early, political science professor at University at Albany.
The White House announced Tuesday plans to excise Cuba from a list of countries that support terrorism, a step that would remove one of the largest hurdles to U.S. financial ties to the nation.
The partial lifting of U.S. sanctions against Cuba is raising new questions for American banks that have issued credit cards to clients traveling to the island-nation, according to compliance experts.
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