US: CRIMINAL CHARGES FILED AGAINST 2 IRANIAN NATIONALS FOR VIOLATING MONEY LAUNDERING & SANCTIONS LAWS BY PROCURING PETROLEUM TANKER

A news release from the US DoJ on 1 May advised that Amir Dianat, 55, and Kamran Lajmiri, 42, both Iranian nationals, have been charged with violating US export laws and sanctions against Iran in the US.  They were allegedly involved in a conspiracy to provide US financial services to Iranian entities and their front companies attempting to purchase a petroleum tanker, the Nautic, in September 2019.  The complaint alleges that the defendants concealed from the seller, financial institutions that clear US dollar transactions, and the US government that this vessel was destined for Iran.  A related verified civil forfeiture complaint was filed for $12,338,941.91.

https://www.justice.gov/opa/pr/criminal-charges-filed-against-two-iranian-nationals-violating-money-laundering-sanctions

 

 

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OFAC ADDS 1 PERSON TO IRAN SANCTIONS LISTS AND LINKED OMANI COMPANY

On 1 May, OFAC announced that dual Iranian and Iraqi national, Amir DIANAT, who has several aliases, and TAIF MINING SERVICES LLC of Oman have been added to Iran-related sanctions lists.  The company is said to be a front company for the IRGC-Qods Force, and Amir Dianat its owner/controller.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20200501.aspx

https://home.treasury.gov/news/press-releases/sm995

 

 

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AFRICAN DEVELOPMENT BANK DEBARS SINOTEC OF CHINA FOR 36 MONTHS FOR FRAUDULENT PRACTICES IN EAST AFRICA

On 1 May, Africa Business Community reported that that the African Development Bank Group announced the debarment of Sinotec Company Limited, an energy solutions company registered in China, in connection with 3 Bank-financed tenders under the Regional Rusumo Falls Hydropower Project in Rwanda, the Uganda Rural Electricity Access Project and the Last Mile Connectivity Project in Kenya.  The debarment renders Sinotec Company Limited and its affiliates ineligible to participate in Bank-financed projects during the debarment period.

https://africabusinesscommunities.com/news/african-development-bank-debars-sinotec-for-36-months-for-fraudulent-practices-in-east-africa

https://www.afdb.org/en/news-and-events/press-releases/african-development-bank-debars-sinotec-company-limited-36-months-fraudulent-practices-35462

 

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FATF AML/CFT CONSOLIDATED ASSESSMENT RATINGS

On 30 April, following the release of the UAE mutual evaluation report, FATF has released an updated consolidated schedule of all AML/CFT ratings to date.

http://www.fatf-gafi.org/media/fatf/documents/4th-Round-Ratings.pdf

 

 

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THE US-UK DATA ACCESS AGREEMENT: A NEW DAWN FOR CRIMINAL INVESTIGATIONS?

On 1 May, a post on the Crime & Corruption blog from law firm Cooley returns to the subject of the Crime (Overseas Production Orders) Act 2019 (COPOA), described as a piece of legislation that created a framework for the government to enter reciprocal agreements with other nations to streamline the process of obtaining stored electronic data from companies based overseas.  It explains that, once the US-UK Agreement under the Act takes effect, US communications service providers should expect to begin receiving overseas production orders (OPO) directly from the UK on behalf of UK enforcement agencies, including the SFO, NCA, FCA and police, to obtain evidence. Likewise, UK-based providers should expect to begin receiving orders directly from US authorities.  It explains the former and new systems for such assistance, and how the new system may be challenged.  It is said that the US is reportedly in negotiations with the European Commission and Australia to negotiate equivalent data sharing agreements, and that other countries likely to follow suit are New Zealand and Canada.

https://cc.cooley.com/2020/05/01/the-us-uk-data-access-agreement-a-new-dawn-for-transatlantic-criminal-investigations/

 

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INDIA AND PAKISTAN NUCLEAR PROCUREMENT NETWORKS LARGER THAN THOUGHT

On 1 May, The Japan Times reported that hundreds of foreign companies are actively procuring components for India and Pakistan’s nuclear programmes, taking advantage of gaps in the global regulation of the industry, according to a report published on 30 April by the US-based research group C4ADS.  The report does not suggest that companies mentioned broke national or international laws or regulations.  To identify companies involved, C4ADS analysed more than 125 million records of public trade and tender data and documents, and then checked them against already-identified entities listed by export control authorities in the US and Japan.  C4ADS says that, in mapping Pakistani and Indian procurement networks, it demonstrates that ef analysis can allow the private sector, government, and international organisations to better detect and mitigate the nuclear threat in South Asia by monitoring, and, where necessary, disrupting supply chains that support nuclear weapons programmes.

The C4ADS report is essential reading for those involved in, or concerned about, proliferation and proliferation financing.

https://www.japantimes.co.jp/news/2020/05/01/asia-pacific/india-pakistan-nuclear-networks/#.XqwdxkBFyM8

The C4ADS report is at –

https://raytoddblog.files.wordpress.com/2020/05/c0fe8-trickofthetrade.pdf

 

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NIGERIA COULD HAVE TO ‘REPLACE’ $300 MILLION ABACHA LOOT IF MISUSED

On 30 April, Reuters reported that Nigeria must use money repatriated from funds looted by former military ruler General Sani Abacha on agreed public projects or be forced to “replace” it, the US DoJ has said.  The US and Jersey agreed with the Nigerian government in Febuary to return $300 million that Abacha, who died in 1998, had stashed in their banks. Nigeria has pledged to use it to develop road infrastructure.

https://www.reuters.com/article/usa-nigeria-corruption-idUSL8N2CI8QA

 

 

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