State Department says Karnakis & Karnakis 'set up shell companies' to hide origin of Iranian ships, allowing Tehran to sell millions of barrels of oil

The United States has imposed a new round of sanctions targeting a law firm, shipping agents and nine vessels accused of helping Iran move oil and other commodities through international...

The US Treasury Department imposed sanctions on Wednesday on Karnakis & Karnakis, a law firm based in Greece and Panama, saying it had for years provided legal assistance to Iranian shipping networks.

The US Financial Crimes Enforcement Network also issued an administrative subpoena to advance an investigation into a Greek bank over potential ties to Iran, according to a Treasury statement, which did not name the bank.

FINCEN also issued requests for information to six other European banks that it did not name over relationships with Iranian financial institutions under US sanctions.

“Whether you are conducting illegal oil transfers at sea or sitting in the corner office of a law firm, if you are supporting the Iranian regime, we will find you and sanction you,” Treasury Secretary Scott Bessentsaid in a release.

Karnakis & Karnakis did not immediately respond to a request for comment.

Treasury also imposed sanctions on Singapore- and UAE-based shipping agents that it said directly aid Iranian shadow fleet operations.

Amin Yousefijam was a key member of a crime group that illicitly exported materials to Iran, the Immigration and Refugee Board ruled.

Amin Yousefijam was a key member of a crime group that illicitly exported materials to Iran, the Immigration and Refugee Board ruled.

What is needed is a fundamental restructuring of financial crime education in the private sector.

What is needed is a fundamental restructuring of financial crime education in the private sector.

By Timothy Gardner and Jarrett Renshaw WASHINGTON, Oct 14 (Reuters) – The Trump administration is considering easing sanctions on so-called shadow fleet vessels that have transported oil and petroleum products...

The United States on Thursday imposed sanctions on 22 tankers and dozens of individuals and companies linked to Iran’s oil trade, expanding its campaign to cut off Tehran’s remaining petroleum...

US President Donald Trump said he has offered Iran nothing to end the war, rejecting media reports that cited US officials saying he was willing to ease sanctions and release frozen funds for "concrete" steps regarding Iran's nuclear program.

The RCMP and Canadian military were among the agencies that hired companies run by Edmonton resident 'Sal Ghafouri,' a Global News investigation has found.

The RCMP and Canadian military were among the agencies that hired companies run by Edmonton resident 'Sal Ghafouri,' a Global News investigation has found.