Money Laundering Bulletin

Tensions are rising with US military build-up in the Gulf, following the Iranian regime's latest crushing of popular protests, over escalating prices, the product of decades of toughening international sanctions. That economic hostility shows no sign of abating, reports Paul Cochrane, as the US and EU make further designations and the United Nations triggers the snap-back process over lack of access to the country's nuclear facilities.

Financial firms in the European Union are starting to comply with new guidelines from the European Banking Authority (EBA) regarding their sanctions-related systems and controls. Many are struggling: Chris Hamblin looks into why.