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 ...
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 ...
The US has sanctioned two Singapore-based companies, Mid Oil Asia Pte Ltd and Singa Tankers Pte Ltd for their dealings with Iran. These unilateral sanctions imposed by the US are part of their domestic legislation on individuals ...
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. ...
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 ...
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 ...
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 ...
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 ...
An Iranian flagged crude tanker named Daryabord (IMO: 9422366) arrived in the Syrian government-controlled port of Baniyas, from the port of Khark in Iran. It is believed that the NTS National Iranian tank company did the transfer. ...
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 ...
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 ...
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