>Ever since Obama's very short-lived nuclear deal with Iran was scrapped by the subsequent Trump administration, Tehran has ramped up its efforts at sanctions evasion, which has especially relied on a fleet of 'ghost tankers' sailing primarily to China.
>But the story of the secret cooperation of reputable European banks, and sophisticated efforts to hide large Iranian transactions has been a more interesting development, and this week Lloyds and Santander UK (based in Spain) have been in the spotlight, causing their shares to take significant hits on Monday. One Europe-based broker has observed, "The market must be realizing that they may be fined."
>A new Financial Times report has raised uncomfortable questions based on smoking gun internal documents which show two of Europe's biggest banks covertly moving Iranian funds around the world on behalf of an Iranian petrochemicals company based in London.
Can't blame the Europeans, jumping on sinking ships is for the suicidal.
zerohedge.com/markets/major-uk-banks-center-far-reaching-iran-sanctions-evasion-scandal
:afire: Third Man :afire: /
npub1ml…fnchm
2024-02-06 20:53:26
Author Public Key
npub1mlnk7vs7qfcgzz40ms4km0mt0c49sk7xy7pg8j0pkx4euxc2hk6qdfnchmPublished at
2024-02-06 20:53:26Event JSON
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