THE QUIET MAN IN STOCKHOLM WHO LAUNDERED CHINA’S OIL MONEY FOR IRAN

On 24 August, OCCRP published a report about Hatam Khatoun Nema, a small-time money changer working from a nondescript office in Stockholm but, in reality, the Swedish-Iranian businessman ran an obscure Hong Kong company, H M E A CO., LIMITED, that OCCRP says laundered hundreds of millions of dollars through a web of shell companies and businesses stretching from Singapore to Panama.  Between 2012 and 2014, he helped move payments for the oil that Iran sold to China, its most important trading partner and geopolitical ally.  The network allowed Chinese energy companies to hide the oil payments, which could bring US scrutiny and possible sanctions for violating restrictions on dollar-based trading with Iran.

https://www.occrp.org/en/investigations/the-quiet-man-in-stockholm-who-laundered-chinas-oil-money-for-iran

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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