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Oil Trafficking

All articles tagged with #oil trafficking

international-relations1 year ago

US Cracks Down on Iranian Oil Trafficking with Seizures and Criminal Charges

The United States has unveiled charges and seizures related to a billion-dollar oil trafficking network allegedly financing Iran's Islamic Revolutionary Guard Corps (IRGC) and other militant groups, in response to aggressive actions by Iran. The US Department of Justice seized over $108 million laundered by a Chinese company and more than 520,000 barrels of Iranian oil aboard a tanker. Seven defendants, including a Turkish national and the son of a former IRGC commander, were charged in connection with the seized money. Additionally, a Chinese woman and an Omani man were charged with Iran sanctions evasion and money laundering related to the trafficking and selling of Iranian oil to Chinese government-owned refineries. Despite US sanctions, Iran's crude exports and oil output reached new highs in 2023, with Iranian oil making up about 10% of China's crude imports.

via Reuters|
#international-relations#iran#islamic-revolutionary-guard-corps
international-relations1 year ago

US Cracks Down on Iranian Oil Trafficking with Charges and Seizures

The US Justice Department is seizing over 500,000 barrels of Iranian fuel, alleging it was illegally trafficked to fund Iran's paramilitary force, with criminal charges announced for the sale of crude oil to buyers in China, Russia, and Syria. This move is part of a broader effort to disrupt funding to Iran's paramilitary Revolutionary Guard’s Quds Force, with FBI Director Christopher Wray emphasizing Iran's constant threat to the US and Attorney General Merrick Garland vowing to cut off illegal financing for Iran's activities. Multiple individuals are charged with crimes related to terrorism, sanctions evasion, fraud, and money laundering, and the US also seized $108 million allegedly used in the scheme.

via The Associated Press|
#international-relations#iran#oil-trafficking
law-and-crime1 year ago

US Announces Charges and Seizures Linked to Billion-Dollar Iranian Oil Trafficking Network

The Justice Department has unsealed three federal cases targeting the illicit trafficking of Iranian oil to finance Iran’s Islamic Revolutionary Guard Corps (IRGC) and its Qods Force, with charges including terrorism, sanctions-evasion, fraud, and money laundering. Seven defendants in the Southern District of New York, including an IRGC leader and officers of a Turkish energy group, are charged with trafficking and selling Iranian oil to government-affiliated buyers in China, Russia, and Syria, with the U.S. seizing $108 million used to fund the IRGC-QF. In a related action in the District of Columbia, a Chinese woman and Omani man are charged with sanctions-evasion and money laundering in connection with selling Iranian oil to Chinese government-owned refineries. Additionally, a civil forfeiture complaint was unsealed in the District of Columbia, alleging that over 500,000 barrels of Iranian fuel oil valued at over $25 million is forfeitable under terrorism laws as property that provides a source of funds to the IRGC and IRGC-QF.

via Department of Justice|
#iran#justice-department#law-and-crime