Mohammad Hadi Razavi – the son-in-law of Iran’s labor minister, Mohammad Shariatmadari – has been charged with embezzlement and “disruption of the economy” after receiving 2.11 trillion rials (around $51m) in loans from banks, which he has failed to pay back
Frauds
INSTEX is a new channel to bypass U.S. sanctions on Iran
The Italian bank Unicredit SpA might get a $900 million fine for carrying on bank transactions with Teheran…
UK bank hit with fines for helping Iran launder money
UK banking giant Standard Chartered got slammed with more than $1 billion in fines and settlements on Tuesday…
Financial institutions warned of fraud by Iran regime
The Financial Crimes Enforcement Network issued an advisory to inform financial institutions of updates to the Financial Action Task Force…
Crypto Exchange WEX linked to Iranian ransom ware operators
Cryptocurrency exchange WEX, successor to the shuttered BTC-e exchange, has again been tied to illicit funds gained through ransomware…
Iranian regime is a threat to the banking system
At many banks, Nov. 5 will be a scary day. That’s when broad U.S. sanctions are set to be re-imposed on Iran…
U.S. warns that Iran could use fraud to duck sanctions
Weeks before it is to reimpose another round of punishing sanctions on Iran, the Trump administration warned…
Iran will launch official digital currency so the regime can battle the U.S sanctions
He made the announcement on the sidelines of ELECOMP 2018 exhibition currently underway in Tehran, saying that the decision was made…
Iran regime’s fear of financial action task force on money laundering (FATF) sanctions
While the Iranian regime has until January to implement its commitments to the international anti-money laundering organization, the government of Hassan Rouhani presented to the parliament the bill on accession of the regime to the international convention against financing terrorism…
Iran plans new ways for avoiding sanctions – Bitcoin infrastructure
Bitcoin is known to start with countries in the west and as the tension rise between Iran and the US, the former is strategizing to incorporate Bitcoin into its system.
Erdogan Links Alleged in U.S. Documents Before Iran Trial
A trader accused of helping Iran evade sanctions invoked the name of Turkey’s president, Recep Tayyip Erdogan, as part of a scheme that U.S. prosecutors say was supported by Turkey’s government, according to court documents..
