The European Union approved new rules governing the sharing of confidential evidence with judges in sanctions cases on February 10. The new rules were adopted in response to a series of successful challenges to E.U. sanctions mounted by blacklisted entities in Iran, Syria, and other countries. These challenges had exploited the reluctance of some member-states to share intelligence information with courts because, under the old rules, the information had to be shared with opposing counsel. The new rules, which govern the E.U.'s General Court, create a set of exceptions to the evidence sharing requirement.
News Briefs
February 9, 2015
The Reserve Bank of India (RBI) has asked banks to increase monitoring of export finance deals after a scheme to exploit U.S. sanctions against Iran was discovered by investigators. Sources say that a group of nine Iranians set up shell companies in India to tap into funds set aside from Iran's oil sales to Asian buyers--funds that can be used for limited purchases under U.S. sanctions law. However, RBI's Enforcement Directorate found that no exports were made following the group's purchases. Investigators uncovered up to $3.2 billion in fraudulent export advances paid out by state-owned UCO Bank in India.Full story here (via Reuters).
-- Reuters
February 5, 2015
A U.S. District Court Judge rejected the $21 million settlement between Fokker Services BV and the United States government over claims that the Dutch aerospace company violated sanctions against Iran. Judge Richard J. Leon called the penalties too lenient and "grossly disproportionate to the gravity of Fokker Services' conduct in a post-9-11-world" in a ruling handed down on February 5. The Department of Justice had alleged that Fokker sold aircraft parts to Iranian military customers, as well as to customers in Burma and Sudan, in violation of U.S. law.
-- Bloomberg
February 3, 2015
Iran successfully launched the Fajr satellite into space aboard the Safir rocket on February 2. The Fajr satellite, which weighs 52 kg, was sent to a 250 to 450 kilometer orbit. It is the fourth Iranian-built satellite successfully launched into orbit; the previous three launches occurred between 2009 and 2012. According to Director of space projects at Iran Electronics Industries (IEI) Mehdi Sarvi, the Fajr satellite has no military purpose.
-- Islamic Republic News Agency (IRNA)
January 13, 2015
An Islamic Revolutionary Guard Corps leader said that Iran has built and is operating missile-manufacturing plants in Syria. The claim was made by IRGC Aerospace Commander Haji Zadeh, who said that Iran's Supreme Leader had ordered military forces to undertake the work.
-- Washington Free Beacon
January 9, 2015
Western intelligence agencies believe that the Syrian government has renewed its nuclear program at an underground facility outside the city of Qusayr, called Marj as-Sultan. Intelligence documents suggest that Syria is storing some 8,000 fuel rods at the facility, which may also house a reactor or an enrichment plant. Members of Iran's Islamic Revolutionary Guard Corps (IRGC) and North Korean engineers are believed to be involved in construction at the facility.
-- Der Spiegel
December 30, 2014
The U.S. Department of the Treasury imposed sanctions on nine Iranian entities for their role in supporting Iran's efforts to avoid sanctions and in backing the Iranian government's human rights abuses. Five individuals and one entity were targeted for helping the Iranian government buy or acquire U.S. currency, including Hossein Zeidi, Seyed Kamal Yasini, Azizullah Asadullah Qulandary, Asadollah Seifi, Teymour Ameri, and Dubai-based Belfast General Trading. Asia Bank official Anahita Nasirbeik was designated for supporting the Central Bank of Iran. Douran Software Technologies and Abyssec were designated for their role in supporting Iran's human rights abuses.
-- Reuters
December 9, 2014
British businessman Gary Summerskill, of Cambridgeshire, England, has agreed to pay £68,000 in fines related to charges against him involving the unauthorized export of alloy valves to Iran. Summerskill, through his company Delta Pacific Valves Limited, exported three shipments of alloy valves valued at £3.4 million to Iran without the proper export authorization. These shipments were routed through Hong Kong and Azerbaijan in order to evade detection. In March 2014, Summerskill was sentenced to 30 months in jail following an investigation by Her Majesty's Revenue and Customs (HMRC). His company, Delta Pacific, was fined £225,000 at that time.
-- The Export Practitioner
November 18, 2014
The New York State Department of Financial Services imposed a $315 million penalty on the Bank of Tokyo-Mitsubishi UFJ for misrepresenting the extent of its business with Iran and "misleading regulators". This action follows a separate settlement reached with New York regulators in 2013. At that time, the bank was fined $250 million for routing transactions with Iran and other restricted countries through New York. However, the consulting firm PricewaterhouseCoopers, which investigated and assessed the misconduct, was accused of "improperly altering" its report under pressure from the bank. The firm was fined $25 million for doing so in August by the New York regulator.
-- New York Times
November 17, 2014
According to the German Federal Customs Service's investigative unit (ZKA), Iran has sought to buy components for its nuclear program on the German market over the past few months. Using front companies to conceal its activities, Iran has successfully purchased sanctioned goods in some cases. ZKA chief Norbert Drude reported that over two-third of the investigations undertaken by Customs in 2012 and 2013 involved Iran. This story was first reported by the German daily Der Tagesspiegel on November 16.
-- Jerusalem Post