Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
World chess body accounts closed over president's Syria sanctions
Source: BBC
World chess body accounts closed over president's Syria sanctions
14 February 2018
The World Chess Federation (Fide) says its Swiss bank accounts have been closed after its president was accused of facilitating transactions on behalf of the Syrian government.
Russian millionaire Kirsan Ilyumzhinov was added to a US Treasury Department sanctions list in 2015 for his alleged dealings with the Assad government.
He denies wrongdoing, and stepped back from Fide to try to resolve the issue.
But Fide says Swiss bank UBS closed its accounts as he is still sanctioned.
Lausanne-based Fide's treasurer, Adrian Siegel, acknowledged the issue was "a serious problem" that had "severely damaged" the organisation's business dealings.
-snip-
14 February 2018
The World Chess Federation (Fide) says its Swiss bank accounts have been closed after its president was accused of facilitating transactions on behalf of the Syrian government.
Russian millionaire Kirsan Ilyumzhinov was added to a US Treasury Department sanctions list in 2015 for his alleged dealings with the Assad government.
He denies wrongdoing, and stepped back from Fide to try to resolve the issue.
But Fide says Swiss bank UBS closed its accounts as he is still sanctioned.
Lausanne-based Fide's treasurer, Adrian Siegel, acknowledged the issue was "a serious problem" that had "severely damaged" the organisation's business dealings.
-snip-
Read more: http://www.bbc.com/news/world-europe-43053626
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
