IRAN’S CURRENCY LAUNDROMATS IN THE EMIRATES

The CTC Sentinel in the US has produced a report saying that a close review of US sanctions designations reveals the organised character of Iran’s illicit currency laundering operations and the role of the Islamic Revolutionary Guard Corps (IRGC) in their orchestration.  It also shows that Iran relies on a diverse network of illicit commercial entrepreneurs to covertly access foreign currencies abroad. It says that actors operate under the cover of legitimate commerce and exploit the vulnerabilities of regional economic centres — such as the UAE. 

https://ctc.usma.edu/wp-content/uploads/2021/05/CTC-SENTINEL-052021.pdf

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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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