Wow: Records from a Bahraini government audit show that the now-closed Future Bank routinely altered financial documents to mask illicit trade between Iran and dozens of foreign partners. (via and )
If you do business with Iranian banks, don’t be surprised if you end up involved in a massive sanctions-busting, money laundering or other illicit financial scheme.
On almost a daily basis there is a new report of Iranian malfeasance—of some sort or another—providing some measure of legitimacy, I suppose, to the engineered demise of the #JCPOA by the Trump administration.
. and report that investigators have found evidence of a multibillion-dollar corruption scheme by a Persian Gulf bank that secretly helped Iran evade sanctions for more than a decade.
Like a fiscal “Trojan horse”: Documents reveal how a Persian Gulf bank allegedly helped Iran conceal billions of dollars in transactions to get around sanctions. Our story, with
Billion-dollar sanctions-busting scheme aided Iran, documents show via and
Billion-dollar sanctions-busting scheme aided Iran, documents show
Billion-dollar sanctions-busting scheme aided Iran, documents show via
"Future Bank’s founding as an Iranian-Bahraini venture in 2004 occurred when Bahraini leaders were seeking to mend strained relations between the tiny gulf kingdom and Iran, its vastly larger neighbor to the north."
The Future Bank in #Bahrain was used by #Iran to evade the sanctions, transferring at least $7 billion [and likely a lot more] between 2004 and the bank's forced closure in 2015.
Billion-dollar sanctions-busting scheme aided #Iran, documents show
Billion-dollar sanctions-busting scheme aided #Iran, documents show
Billion-dollar sanctions-busting scheme aided Iran, documents show