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☆ Crypto exchange Kraken settles U.S. investigation over alleged Iran sanctions violations
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +1 min

Nov 28 (Reuters) - Crypto exchange Kraken has agreed to pay a fine to settle civil liability related to apparent violations of sanctions on Iran, the U.S. Treasury Department's Office of Foreign Assets Control said on Monday. As part of the settlement with OFAC, Kraken will pay about $362,000, and "invest an additional $100,000 in certain sanctions compliance controls." "Even before entering into this resolution, Kraken had taken a series of steps to bolster our compliance measures," Santori added. According to the OFAC statement, Kraken's platform processed 826 transactions for users located in Iran between roughly October 2015 to June 2019. In October, the Treasury Department had also fined crypto exchange Bittrex Inc $29 million in fines for "apparent violations" of sanctions on certain countries and anti-money laundering law.

☆ U.S. imposes new sanctions over Iran sanctions evasion, targets Chinese firms
▼ + stars: | 2022-11-17 | by ( Daphne Psaledakis | ) www.reuters.com time to read: +2 min

Washington has increasingly targeted Chinese companies over the export of Iran's petrochemicals as the prospects of reviving the nuclear pact have dimmed. "The United States will continue to implement sanctions against those actors facilitating these sales." Iran's mission to the United Nations in New York did not immediately respond to a Reuters request for comment. Those that engage in certain transactions with the companies also risk being hit with sanctions. Reporting by Daphne Psaledakis; Editing by Andrea Ricci and Jon BoyleOur Standards: The Thomson Reuters Trust Principles.

☆ EU piles pressure on Iran's leaders with more sanctions
▼ + stars: | 2022-11-14 | by ( Parisa Hafezi | ) www.reuters.com time to read: +5 min

Macron said the crackdown by Iranian leaders would make it harder to reach agreement on reviving the 2015 nuclear deal, which would give Iran sanctions relief in exchange for curbs on its nuclear programme. "I don't think there will be new proposals which can be made right now to save the nuclear deal." Speaking after he met four Iranian women activists in Paris over the weekend, Macron said that more European Union sanctions would be adopted in reaction to Tehran's actions. Iranian leaders blame foreign enemies including the United States for what they call riots. In a letter published by Emtedad news website, some 2,300 graduated students of Amirkabir University in Tehran urged authorities to release students detained.

☆ Ukraine's Zelenskiy discusses financial aid, Iran sanctions with EU's von der Leyen
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: 1 min

[1/2] Ukraine's President Volodymyr Zelenskiy speaks during a joint news conference with Czech Prime Minister Petr Fiala (not seen), as Russia's attack on Ukraine continues, in Kyiv, Ukraine October 31, 2022. REUTERS/Viacheslav RatynskyiKYIV, Nov 6 (Reuters) - Ukraine's President Volodymyr Zelenskiy spoke with European Commission President Ursula von der Leyen on Sunday to discuss macro-financial aid for Ukraine and further sanctions on Iran, Zelenskiy said. "Noted the importance of continuing the grain initiative for world food security. Discussed increasing sanctions & opposing actions of Iran, which supports aggression," Zelenskiy wrote on Twitter. Reporting by Max Hunder; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ Germany, other EU members plan to expand Iran sanctions -Der Spiegel
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, Nov 5 (Reuters) - Germany and eight other EU member states are planning to expand sanctions on Iran to include individuals and organisations linked to violence against protesters in the Islamic Republic, magazine Der Spiegel reported, without disclosing its sources. A package containing 31 proposals was introduced in Brussels on Wednesday targeting individuals and institutions in the security sector as well as companies responsible for suppression in Iran, the magazine reported. Measures include the freezing of assets and travel bans, the magazine said, adding the package had a good chance of being approved by EU foreign ministers at their next meeting on Nov. 14. Ties between the Islamic Republic and the West are increasingly strained as Iranians keep up anti-government protests. Reporting by Christoph Steitz and Joern Poltz; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Almost all the funds, some $7.8 billion, flowed between Binance and Iran's largest crypto exchange, Nobitex, according to a review of data from leading U.S. blockchain researcher Chainalysis. The scale of Binance's Iranian crypto flows – and the fact that they are continuing – has not been previously reported. The total volume of Iranian transactions flowing through Binance is far greater than through any other exchange, the data show. The vast majority of the $8 billion in Iranian crypto transactions identified by Reuters involved the main Binance exchange. This October, the Treasury fined Seattle-based crypto exchange Bittrex $24 million for violating sanctions on Iran and other countries by processing crypto transactions worth over $260 million.

☆ Analysis: Sanctions fail to halt North Korea's accelerating weapons programs
▼ + stars: | 2022-11-04 | by ( David Brunnstrom | ) www.reuters.com time to read: +7 min

Biden administration officials concede that sanctions have failed to stop North Korea's weapons programs - but they maintain they have at least been effective in slowing North Korea's nuclear program. The Security Council has imposed sanctions on North Korea since 2006 to choke off funding for it nuclear and ballistic missile programs. However U.N. experts regularly report that North Korea is evading sanctions and continuing to develop its programs. Some critics like sanctions expert Joshua Stanton fault both the Trump and Biden administrations for failing to exert maximum pressure to stop China allowing North Korea's sanctions evasion. He rejected the idea that Washington should recognize North Korea as a nuclear-armed state.

☆ Canada imposes fresh Iran sanctions over human rights violations
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +1 min

Oct 31 (Reuters) - Canada on Monday imposed fresh sanctions on Iran, marking the fourth package of sanctions it has implemented for alleged human rights violations in that country, the foreign ministry said in a statement. The latest sanctions target four individuals and two entities, including senior officials and Iran's Law Enforcement Forces, which Canada accused of participating in the suppression and arrest of unarmed protesters, according to the statement. "Canada will continue to support the Iranian people as they courageously demand a better future," Joly said. Canada has been carrying out a series of sanctions against Iran over alleged human rights abuses, including the death of Mahsa Amini, a 22-year-old Iranian Kurdish woman who died while in custody of Iran's morality police. Reporting by Chris Gallagher in Washington; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ EU agrees on new Iran sanctions over drone deliveries to Russia -EU presidency
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: 1 min

BRUSSELS, Oct 20 (Reuters) - European Union members have agreed on new measures against Iran over its supply of drones to Russia, the Czech presidency of the EU said on Thursday. "EU ambassadors agreed on measures against entities supplying Iranian drones that hit Ukraine," the Czech EU presidency said in a tweet. "EU states decided to freeze the assets of three individuals and one entity responsible for drone deliveries (and) is also prepared to extend sanctions to four more Iranian entities that already featured in a previous sanctions list." Register now for FREE unlimited access to Reuters.com RegisterReporting by Bart Meijer, Editing by Charlotte Van CampenhoutOur Standards: The Thomson Reuters Trust Principles.

☆ Elon Musk's Starlink is now active in Iran amid widespread internet outages, academic says after speaking to Musk
▼ + stars: | 2022-09-26 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Starlink internet is now active in Iran, an academic said on Twitter after speaking to Elon Musk. Iranians and internet watchdogs have reported network outages amid protests over a woman's death. Musk granted Sadjadpour permission to share the news that Starlink had been activated in the country, Sadjadpour tweeted. "It will cost many millions of dollars to setup and sustain thousands of Starlink terminals to Iran," he said in the tweet. People in Iran have reported internet outages after protests started over the death of a 22-year-old woman named Mahsa Amini who died in police custody.

☆ Why hundreds of Twitter workers are fleeing the company
▼ + stars: | 2022-09-21 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Two months after Elon Musk declared his intent to acquire Twitter in a $44 billion deal, the billionaire spoke directly with employees at the company. Musk's meeting with Twitter employees covered everything from aliens to layoffs, but did little to reassure workers, according to people with knowledge of the matter. According to the Twitter workers, who asked not to be identified, the business saw a net loss of more than 700 full-time staff as of September. Pittsburgh tech workers on why they chose the lesser-known tech hub. SpaceX CEO Elon Musk said in a tweet that the company would "ask for an exemption to Iranian sanctions."

☆ Elon Musk said Starlink will request exemptions from Iran sanctions to provide internet services amid anti-government protests after a woman died in police custody
▼ + stars: | 2022-09-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

SpaceX CEO Elon Musk will seek exemption from sanctions against Iran to provide internet service. His tweet came amid protests in Iran over the death of a young woman who died in police custody. Musk was responding to a question about whether the company would be able to provide the Starlink internet service to people in Iran. Musk's tweet comes amid anti-government protests in Iran over the death of a 22-year-old woman named Mahsa Amini who died Friday in police custody. Iran's internet users have been reporting "the disconnection or severe slowing of internet service in multiple cities" since Friday, internet watchdog NetBlocks said on Monday.

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