The CIA on terrorism and tech

On June 16, 2016, the Director of the CIA testified before the Senate Select Committee on Intelligence in respect of the Islamic State (ISIS), terrorism and technology generally. Here is an executive summary: The CIA said there there has never been a time when there is such a “dizzying” array of national security issues and [...]

‘Twitter terrorist’ a danger, says panel at ACAMS Conference

The Lawyers Weekly has a good story covering the ACAMS Conference in Toronto’s panel on terrorist financing in which we participated with FINTRAC, Standard Chartered and the OPP to discuss the risks and issues of terrorism threats in Canada. The article, available here, discusses Ontario and security concerns, as well as how FINTRAC deals with [...]

UN Security Council calls on ban of oil trades from listed terrorist groups

Listed terrorist group takes over energy infrastructure By Christine Duhaime, B.A., J.D., Financial Crime and Certified Anti-Money Laundering Specialist Follow @cduhaime The Security Council of the United Nations today called on its members not to engage in financial or commercial transactions with listed terrorist groups, in particular involving the sale of oil from Syria or Iraq [...]

Billionaire banker executed in $2.6B money laundering case and two co-defendants likely in Canada

Billionaire money launderer executed Updated on September 29, 2014 and March 4, 2015 According to the Washington Post, billionaire banker Mahafarid Amir Khosravi was executed today in Tehran for bank fraud and money laundering. He is alleged to have forged letters of credit with the assistance of bank managers from the Melli Bank to start a private [...]

Canada makes its first corporate prosecution for economic sanctions violations

Although Canadian economic sanctions have been in place for years, until now Canada has never prosecuted any company for sanctions violations. That changed earlier this month when Lee Specialities Ltd., a Calgary based company, was charged with violating Canadian (and UN) economic sanctions by exporting goods to Iran that could be used for nuclear devices. The [...]

l’Union européenne a annulé des sanctions iranien

Sanctions annulé Le tribunal de l’Union européenne a annulé hier des sanctions décidées par l’UE à l’encontre de sept établissements financiers et d’un ressortissant iranien en raison de leurs liens présumés avec le programme nucléaire controversé de Téhéran. Dans son arrêt, le tribunal qui siège à Luxembourg a estimé que l’UE “n’avait pas apporté la [...]

UK Supreme Court quashes economic sanctions against Iranian bank

Today, the UK Supreme Court released its judgment in the much-anticipated Bank Mellat case, quashing economic sanctions that were imposed against the Bank by HM Treasury in 2009. The Court held that the order imposing sanctions was void on the basis of procedural unfairness and substantively because it was made, inter alia, with irrational considerations. [...]

US annual report on terrorism identifies terrorist safe havens

US Terrorism Report Released The U.S. Department of State released its annual Country Reports on Terrorism today (the “Report“), and interestingly, identified 10 key terrorist safe havens worldwide, namely Somalia, Mali, Iraq, Lebanon, Libya, Yemen, Afghanistan, Pakistan, Columbia and Venezuela. On the specific country reports, the Report identified positive steps taken by Canadian courts in [...]

Canada imposes additional sanctions on Iran essentially prohibiting all transactions

New Sanctions Against Iran The government of Canada today announced the imposition of new sanctions against Iran as a result of the lack of progress with the reduction of Iran’s nuclear program. Effective today, Canada banned all exports from and imports to Iran, and added more entities and individuals to the list of designated persons [...]