CANADIAN MAN CHARGED IN ALLEGED VENEZUELAN/IRANIAN GOVERNMENT MONEY LAUNDERING SCHEME

On 10 February, Global News in Canada reported in an interesting article that an Iranian-Canadian man, Bahram Karimi, 53,has been accused in New York of bank fraud in an alleged money laundering and sanctions evasion scheme involving Iran’s government, a state-owned oil company in Venezuela, and a complex web of offshore accounts and shell companies, and allegedly funnelling US$115 million through US banks and into accounts for the Iranian government.  It is claimed that the case highlights that wealthy Iranian regime-friendly immigrants have used Canada to finance covert operations for Iran.  The case is said to be development of investigations involving one of Iran’s most politically connected billionaires, Mohammed Sadr Nejad, and his son, Ali Sadr Nejad – who was arrested on a visit to the US in 2018 – and the Stratus Group, the Tehran-based international construction conglomerate directed by the father.

https://globalnews.ca/news/6509636/venezuela-project-canadian-man-charged-iranian-government-money-laundering/

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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