The DOJ said Tuesday that a Hawaii-based businessman admitted bribing officials from Micronesia.
The concept of central bank-issued digital currencies or national cryptocurrencies has attracted many governments across the world. Particularly, governments that have been sanctioned by the U.S. — such as Iran.
Iran is known for implementing the most creative barter-style sanctions evasion schemes in modern history involving various countries called “gas-for-gold” or the “gold loophole” to evade the economic restrictions that cut the country out of the financial system, crippling their ability to trade with the world.
Recently, with international payment intermediaries such as the SWIFT system barred from operating in Iran, it launched a new barter-style international payment gateway called “Instrument in Support of Trade Exchanges” (INSTEX), with France, Germany and United Kingdom (UK) to broker Iranian imports in and European exports out.… Continue Reading
Canada has joined a global trend in white collar and corporate crime law enforcement with the introduction of a Deferred Prosecution Agreement (DPA) regime.
In September 2017, the Government of Canada launched a public consultation to seek input on a possible Canadian DPA regime.… Continue Reading