Day: December 18, 2021

On 14 December, a news release from the Danish prosecution service said that A/S Dan-Bunkering Ltd. and its parent company Bunker Holding A/S have been fined for violating the EU sanctions Regulation on the sale of jet fuel to Syria.  The former was convicted of conducting 33 trades in jet fuel with 2 Russian companies, JSC Sovfracht and Maritime Assistance LLC, agents of the Russian Navy.  A total of 172,000 tonnes of jet fuel was sold from the company via the 2 Russian companies between 2015 and 2017.  In addition, a director was sentenced to 4 months’ probation for his role in the case, having been found guilty of negligently violating EU sanctions.

https://anklagemyndigheden.dk/da/dan-bunkering-bunker-holding-og-direktoer-doemt-saelge-braendstof-til-syrien

 

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymea3coffee.com/KoIvM842y

On 15-17 December, the FATF-style regional body held a virtual Plenary at which attendees approved mutual evaluation reports of Poland and Croatia, and the follow-up report of Cyprus.  It also adopted the Typologies research report “AML/CFT supervision in times of crisis and challenging external factors” and launched the next research project on money laundering from drug trafficking with the use of cryptocurrency.

https://www.coe.int/en/web/moneyval/-/moneyval-holds-62nd-plenary-meeting

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymea3coffee.com/KoIvM842y