Sentences with phrase «sanctioned entities»

In complaints filed Tuesday in federal court in the District of Columbia, they accused the companies of laundering dollars through U.S. accounts on behalf of sanctioned entities in North Korea.

Suspicion stems from a 2012 House subcommittee investigation into Huawei's and ZTE's dealings with sanctioned entities in Iran — the latter has been cooperating in the investigation against it and has agreed to pay a record fine.

In this year's survey, reputational concern has now become the top reason third parties fail to meet an organisation's standards, overtaking dealing with sanctioned entities, involvement in opaque corporate structures, and exposure to politically exposed persons.

The current plan is to use Promsvyazbank, a lender earmarked by the government to provide credit to sanctioned entities so that other lenders can offload the risk, to solve the short - term liquidity problems for Rusal, the finance ministry source said.

The U.S. also plans to sanction entities related to China over their involvement with North Korea.

The sanctioned entities now fall under the label of Specially Designated Nationals (SDN), which means their U.S. assets are frozen and U.S. entities are forbidden from doing business with them.

In 2014, the U.S. Treasury Department addressed concerns about how digital currencies can be used by countries looking to evade sanctions: «If a sanctioned entity could use virtual currencies to transact anonymously, our sanctions would have a weaker bite.»

They are generally barred from doing business with individuals, businesses, and governments subject to sanctions, or even touching money that might be connected to sanctioned entities.

The Court also clarified the use of the term «financial assistance» in Article 4 (3)(b) of Regulation No 833/2014, to exclude processing of payments by a bank or other financial institution, and the application of the prohibition on the issuance of global depositary receipts representing shares issued by one of the sanctioned entities before 12 September 2014.

Thus, it remains to be seen, how Luxembourg will go about to effectively strike a balance between political interests to curb Iran's nuclear ambitions and the individual rights of the sanctioned entities in the cases to come.

He has acted in cases concerning the commercial impact of sanctions schemes, for example IRISL v Steamship Mutual Underwriting and HM Treasury (frustration of insurance contract), and Maud v Libyan Investment Authority (the ability of a sanctioned entity to initiate bankruptcy proceedings).