Latest International trade financing News

FILE- In this Feb. 16, 2018 file photo, activists of India's opposition Congress party's youth wing shout slogans against the ruling Bharatiya Janata Party (BJP) as one of them holds a severed head from a cut out photograph of billionaire jeweler Nirav Modi in New Delhi, India. Indian authorities say they have brought from Hong Kong polished diamonds and pearls worth millions of dollars belonging to India’s fugitive diamond merchant Nirav Modi who is fighting a court battle in London for his extradition to New Delhi.  (AP Photo/Altaf Qadri, File)

India seizes $180M in jewels from fugitive diamond merchants

Jun. 11, 2020 2:27 AM EDT

NEW DELHI (AP) — Indian authorities have seized diamonds, pearls and silver jewelry worth millions of dollars as part of an investigation of a fugitive diamond merchant who is being held in London while fighting his extradition. The seized valuables worth 13.5 billion rupees ($180 million) had been kept in...

In this undated photo provided on Sunday, May 24, 2020, by the North Korean government, North Korean leader Kim Jong Un speaks during a meeting of the Seventh Central Military Commission of the Workers' Party of Korea in North Korea. Independent journalists were not given access to cover the event depicted in this image distributed by the North Korean government. The content of this image is as provided and cannot be independently verified. (Korean Central News Agency/Korea News Service via AP)

US charges North Koreans in $2.5B sanctions-busting scheme

May. 28, 2020 8:52 PM EDT

WASHINGTON (AP) — The Justice Department has accused a network of North Korean and Chinese citizens of secretly advancing North Korea’s nuclear weapons program by channeling at least $2.5 billion in illicit payments through hundreds of front companies. The indictment, unsealed Thursday in...