Mexico City (AP) — Three Mexican financial institutions sanctioned by the Trump administration last week have felt a cascade of economic consequences following the allegations that they helped launder millions of dollars for drug cartels. It comes after the U.S. Treasury Department announced that it was blocking transactions between American banks and Mexican branches of…
(Reuters) – The U.S. Treasury Department said on Sunday it would not enforce an anti-money laundering law that obliges millions of business entities to disclose the identities of their real beneficial owners. The Trump administration has opposed the Biden-era Corporate Transparency Act on the grounds that it is a burden on low-risk entities. The act…
By Aleksandar Vasovic BELGRADE (Reuters) -Serbia is in last minute talks with the United States and Russia ahead of a Thursday deadline to avoid U.S. sanctions on oil company NIS that could result in crude supply cuts, Energy Minister Dubravka Djedovic Handanovic said on Wednesday. Russia’s Gazprom Neft and Gazprom hold stakes of 50% and…
MEXICO CITY (AP) — For years, U.S. authorities and fishermen have been complaining about illegal fishing for red snapper in the Gulf of Mexico, and now it’s been revealed who is behind the lucrative trade: a Mexican drug cartel. The U.S. Treasury Department announced sanctions Tuesday against members of the Gulf drug cartel, which operates…