Chinese and Russian banks are increasingly shying away from doing business with Iran after the Islamic Republic failed to enact anti-money laundering and counter-financing of terrorism (AML/CFT) legislation demanded by the Financial Action Task Force (FATF) according to an Iranian… Read More ›
Iran
Halkbank pleads not guilty to sanctions busting trade-based financial crimes
Halkbank, the large Turkish state-owned bank that has been accused in the US of substantial sanctions violations, has pleaded not guilty at a Manhattan court to criminal charges that it helped Iranian entities illicitly transfer tens of billions of dollars… Read More ›
Iran sets up special courts to deal with financial crime in gold coin trades and foreign exchange dealings
Leader of the Islamic Republic of Iran, Ayatollah Seyyed Ali Khamenei, has agreed to a request by the head of Iran’s judiciary to set up special courts to swiftly deal with financial crimes in gold coin trades and foreign exchange dealings. In a letter… Read More ›