In the largest such case in Bahrain’s history, the Gulf state’s public prosecutor on Wednesday announced that the Central Bank of Iran and 12 other Iranian banks, most notably Bank Melli Iran (National Bank of Iran) and Bank Saderat Iran (Export Bank of Iran) will be tried on charges of money laundering in a scheme valued at $1.3 billion.
Iranian Banking Provocation
Historic decline in Iran’s stock market
The stock market is gradually becoming a filthy gland in the Iranian economy. Last year, when the stock market index was turning green and buying queues were a hundred meters long, many experts warned that a price bubble was forming and the blow of it could cause many problems for Iran’s half-hearted economy.
Iran crisis will spur protests
Iran is experiencing a number of economic, social, and environmental crises, which only increases the people’s hatred of the regime as the crises get worse and destroy the lives of the people.
A secret financial apparatus between Iran and China to drain oil and circumvent sanctions
Iran and China have recently established, particularly since the beginning of 2021, a secret financial and commercial apparatus known as “CHUXIN BANK”, with the aim of Enabling Iran to receive the proceeds of oil deals it exports to China
We monitor the enemy’s movements beyond our borders says Iranian air defense commander
The commander of the Iranian air defense, Brigadier General Ali Sabahi Fard, said on Saturday, that his forces are monitoring “the enemy’s movements beyond our borders,” adding that at this stage they have reached a level that enables them to monitor and destroy any object at any height.
With huge Iran Deal China hopes deep pockets further boost influence in Middle East
Beijing has pledged to invest $400 billion in Iran over 25 years in a deal that could see China’s economic, political, and military influence there and across the Middle East expand.
Banks reminded to keep tight watch on transactions involving Iran
THE BANGKO SENTRAL ng Pilipinas (BSP) told banks to keep tighter scrutiny for fund transactions involving “high risk jurisdictions” such as Iran and North Korea following a call for action from Paris-based Financial Action Task Force (FATF).
HSBC Banker knew about dealings with Iran
Lawyers representing Meng Wanzhou tried to discredit evidence presented by U.S. officials in her extradition hearing, arguing a banker at HSBC Holdings Plc knew that a company doing business with Iran was actually an affiliate of Huawei Technologies Co.
Corruption at the central bank of Iran
Iranian state-run news agencies affiliated with the Revolutionary Guards (IRGC) have announced the existence of massive corruption in the distribution of $35 billion in interventional currency at the Central Bank of Iran (CBI). What are the range of this corruption and its effects?
Iran senior officials misled Iranians into investing in stocks
Iran Supreme Leader, Ali Khamenei: My advice has been given many times. Use internally produced products. Participate in productive investments, those who can, including in stocks and cooperatives.
Two million angry Iranian stock market investors will rise to demand savings
According to a state-run daily the more than two million Iranian stock market investors who lost their savings in the stock market will “riot” if their demands are not met.
