Willing banks find profits in legal trade with Iran

As Western sanctions on Iran have grown tighter, some small banks have found a lucrative niche financing what remains of the legal trade with the Islamic Republic. Top-tier financial institutions including Société Générale SA and Rabobank Group ...
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Beirut banks funneling illicit funds for Hezbollah

In a move that could destabilize Beirut’s financial position, a US pressure group urged international financial firms on Tuesday to ditch Lebanese debt and securities, saying that Hezbollah is using Lebanon’s banks in a large scale money-laundering ...
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Babak Morteza Zanjani – Frauds

Babak Morteza Zanjani  (born 12 March 1974) is an Iranian businessman. He was the managing director of the UAE-based Sorinet Group, one of Iran’s largest business conglomerates. He also owned Qeshm Airlines and Rah Ahan Sorinet F.C. ...
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Mahmoud Reza Khavari – Frauds

One of the Melli Bank directors and managers Mahmoud Reza Khavari, was granted Canadian permanent residence. In 2005, he apparently was granted citizenship of Canada while in Iran. In 2011, according to the Washington Post, after the ...
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Small banks help Iran slowly restore foreign financial ties

Iran is gradually restoring banking links with the rest of the world by forging ties with smaller foreign institutions, even though large global banks are still holding back because of legal risks, Iranian officials and foreign bankers ...

Iranian embezzlement scandal

The 3,000 billion toman embezzlement in Iran (also 2,800 billion embezzlement; approximately US$2.6 billion) was a fraud involving the use of forged documents to obtain credit from at least seven Iranian state and private banks to purchase ...

Iranian Shiping lines tanker at the Syrian Tartous port

Iran has become Syria’s main crude oil buyer, helping Bashar Al-Assad’s flailing government to circumvent Western sanctions, as Iranian tankers have returned for a third time since April, shipping industry sources said. Although Tehran already finds it ...

Kunlun Bank Press Release

There is no trace of Shenzhen Lanhao Days Electronic Technology Co Ltd at its listed address in the beige and pink-tiled “Fragrant Villa” apartment complex in this southern Chinese city. The building’s managers say they’ve never heard ...

The British family destroyed by the Iranian government

To step off a busy northwest London thoroughfare into Richard Ratcliffe’s flat feels like passing through the wardrobe into the dark horror of a fairy tale. Three months ago, he was an ordinary middle-class accountant, living with ...