IRAQ ALLEGEDLY HELPING IRAN SKIRT US SANCTIONS

On 24 January, the Jerusalem Post reported allegations that the Iraqi Central Bank has been pushing private banks in Iraq, whom have Iranian board members, to open credit accounts in US dollars, this according to a report released by the Saudi news outlet Al-Arabiya.  The purpose of the credit accounts is said to be for importing oil derivatives to meet local needs, and it is said that the boards of these private entities include individuals connected to Iran, such as businessman who have ties to the Islamic Republic.

https://www.jpost.com/International/Report-Iraq-allegedly-helping-Iran-skirt-US-sanctions-615248

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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