Banks Articles

In the Grace I’s Wake: Ship Management and Sanctions Evasion (Part 2)

This is the second in a series on Iranian sanctions evasion in the maritime shipping industry. Follow these links to read the intro and part 1 of the series. We continue our investigation into the Grace I, a Panama-flagged oil tanker seized off the coast of Gibraltar...
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In the Grace I’s Wake: Who Owned the Grace I? (Part 1)

This is the first in a series on Iranian sanctions evasion in the maritime shipping industry. In case you missed it, you can read the introduction here. Part 1: Our investigation into the Grace I’s ownership leads to an Emirati family with a history of supporting...
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In the Grace I’s Wake: Countering Sanctions Evasion and Illicit Shipping

Last July, British Royal Marines and Gibraltar authorities seized the Grace I, a Panama-flagged oil tanker carrying 2.1 million barrels of crude oil. They suspected the vessel of shipping Iranian oil to Syria in contravention of European Union sanctions. There was no...
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Identifying High-Risk Currency Exchange Centers in Mexico

Currency exchange centers continue to be used by Mexican transnational criminal organizations to launder illicit proceeds and thus present significant risks to financial institutions and U.S. national security.  In our latest report, we used public records to uncover...
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