BAHRAIN BRINGS CHARGES IN MONEY LAUNDERING CASE LINKED TO IRANIAN STATE-OWNED BANKS

On 13 February, Arab News reported that Bahrain had launched legal proceedings against a number of individuals and businesses involved in a vast money laundering scheme linked to state-owned Iranian banks, Bank Saderat and Bank Melli.  Allegedly involved was Future Bank, which closed in 2016.

https://www.arabnews.com/node/1627236/middle-east

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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